Press-Republican

Business

July 2, 2014

Fort Ti has $9 million impact

New survey shows economic value of national landmark to area

TICONDEROGA — The first-ever economic impact study of Fort Ticonderoga was unveiled Tuesday, showing the national historic landmark injects almost $9 million a year into the region.

Fort Chief Executive Officer Beth Hill made the announcement before a group of about 50 public officials and community leaders gathered in the stone fortress’s Mars Education Center.

“We are seeing revitalization in Ticonderoga,” Hill said. “Each step forward, little or big, is collectively making a difference.”

Paraphrasing 18th-century French commander Lord Louis de Montcalm, she said, “Action and audacity will carry us forward.”

‘VITALLY IMPORTANT’

The study, done by Magellan Strategy Group of Asheville, N.C., noted that of the 66,000 visitors to the fort last season, 85 percent of them said they came to the area solely to see the fort, while 75 percent were there for the first time.

Of those visitors, 54 percent stayed at least one night in the region as part of their Fort Ti visit, while 24 percent stayed in Ticonderoga area lodging.

About 80 local jobs directly depend on Fort Ticonderoga, the study said, with $2.4 million in labor costs and $5.4 million in economic output.

Spending by visitors to the fort generates $5 million a year in direct economic impact to the area, the report said.

“This is an impact that is vitally important to the economy of our region,” Hill said. “This is the beginning of a potential bold vision for the future.”

She said the total effect found by the study was $8.9 million, which includes tourist and fort spending, taxes and labor income.

PROOF OF IMPACT

Preserved by the Pell family of Ticonderoga since 1820, the fort is now owned by a non-profit association.

It was built in 1755 as the French fort Carillon, later falling into British, then American hands.

It played key roles in both the French and Indian War and the American Revolution.

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