Delay in Snohomish County Tourist Train Project

June 4, 2010 at 2:02 pm Leave a comment

Read the Herald story here. While the economy is growing stronger, considerable uncertainty remains out there, clouding business investment decisions. This appears to be a factor in slowing Snohomish’s proposed tourist train.

The tourism and travel sector is slowly coming back, but most experts foresee some struggles. Download the US Travel Association’s latest forecast here.

Learn more about Snohomish County’s travel and tourism sector here.

Travel and tourism is an important economic sector for Washington State and is significant to Snohomish County’s economic base. Ideally, the tourism sector brings new income into an area that did not exist there before. That is the best form of tourism versus tourist activities that simply recycle the income that already exists in a local economy.

Many areas promote travel and tourism as engines for economic vitality. Every industry sector has its pluses and minuses for local areas. Frequently cited minuses of travel and tourism are: 1) while most local residents welcome visitors, they do not want to be overrun by out-of-towners; 2) many studies point to the large number of lower-wage jobs in the tourism sector; and 3) some question whether the public sector (governmental) investments in travel and tourism pay off. Local governments in Washington State, like those in Arizona, Texas, and California, depend heavily upon sales taxes, which encourages economic developers and local government officials to give too much attention to retail development in some cases. These points argue for a balanced approach to tourism development in Snohomish County, which is also true of aerospace and any other industry sector favored for future development.

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Entry filed under: Economic Vitality Resources, Tourism. Tags: , , , .

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