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Fort Lauderdale Economy Boosted by Panthers’ Stanley Cup Victory

The team will host a victory parade on Sunday.

The Florida Panthers’ exhilarating Stanley Cup win has been a boon for the franchise, the fans and the Fort Lauderdale economy. While players were seen strutting around Fort Lauderdale Beach showing off the Stanley Cup, local officials are basking in the city’s growing popularity.

“As Fort Lauderdale shines in the spotlight following the Panthers’ Stanley Cup victory, we celebrate not just a win on the ice, but a triumph for our entire community,” Fort Lauderdale Mayor Dean Trantalis says. “The economic impact of this achievement will boost local business and reinforce our city as a premier destination to live, work and visit.”

The recent opening of the Baptist Health Iceplex at the FTL War Memorial serves as the team’s state-of-the-art training facility and a place for area residents to enjoy hockey, ice skating and community gatherings. Visit Lauderdale, the marketing arm of Greater Fort Lauderdale, also has a two-year commitment with the club to brand the team’s helmets with the ‘Visit Lauderdale’ logo.

According to the Fort Lauderdale Downtown Development Authority (DDA), the Panthers have impacted the local economy by at least $110 million over the last two seasons during the team’s long playoff runs. In collaboration with Walter Duke + Partners, the DDA projects that the recent series will generate an economic impact ranging from $20 million to $30 million for Fort Lauderdale due to hotel occupancy and restaurant spending.

A recent DowntownFTL economic report also revealed the downtown area experienced an annual economic impact of $35 billion in 2023, up over $6 billion since 2019. The area’s economic output accounts for 29% of the county’s GDP and 9% of South Florida’s economic output. The area is experiencing a public space resurgence as part of a citywide $350 million park enhancement program, with over $100 million in improvements underway.

Photo courtesy of the City of Fort Lauderdale.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.