Economic Impact of the Three Rivers Festival on Fort Wayne

By Scott Sarvay
By Megan Trent

July 11, 2011 Updated Jul 11, 2011 at 5:20 PM EST

FORT WAYNE, Ind. (Indiana’s NewsCenter) - The Three Rivers Festival is expected to infuse some serious cash into Fort Wayne’s economy.

Mayor Tom Henry says an estimated $500,000 people will attend this year's festival, which runs for nine days downtown.

That means a lot of money being spent inside the festival, but also at Fort Wayne’s hotels, restaurants, shops, and museums.

Mayor Tom Henry says, “Well, you can imagine, 500,000 people entering into the various events around our city, there's no doubt millions of dollars will be added to our economy."

City officials say attendance numbers are expected to rise from last year's festival, which brought an estimated $5 million to the downtown area.

This comes on the heels of another big economic announcement for the city - the return of the Wing Ding Motorcycle Convention to the city next year.

Mayor Henry says, "They're predicting that impact, of just 10,000 people, to be anywhere from nine to 15 million dollars. So, now we have 500,000 people. So you can imagine in a one week period what the economic impact could be. It's fantastic. Plus, we get to show off our city."

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