Tuesday, October 2, 2012

Sucks To Be You, Los Angeles

From the Las Vegas Sun: Insomniac, the organizer behind June’s Electric Daisy Carnival, says the three-day event at Las Vegas Motor Speedway brought in an estimated $207 million to the Clark County economy.
That amount, part of an economic impact report released today by Beacon Economics LLC, marks a 52 percent increase from the $136 million estimated by Beacon to have been brought by the 2011 Electric Daisy Carnival.
According to the report, the festival produced an estimated $13.1 million in tax revenue for the state and local government, the equivalent of 2,018 full-time jobs and $84 million in income for employees in Clark County.
“For the second year in a row, our fans’ loyalty has helped support the Las Vegas community by generating millions in tax dollars and providing jobs. Las Vegas has embraced us, and I’m excited to continue our work together,” Pasquale Rotella, president and CEO of Insomniac, said in a statement.
The study, commissioned by festival producers, compiled their estimates using data from a survey of more than 22,000 festival attendees and additional information provided by Insomniac.
The festival, which moved from Los Angeles to Las Vegas in 2011, drew more than 320,000 fans in June, up from 230,000 previous the year. The report estimates that 90 percent of attendees in 2012 traveled from outside the Las Vegas area.  http://www.lasvegassun.com/news/2012/oct/02/electric-daisy-carnival-2012-207-million-Clark-Cou/
Los Angeles basically gave up on the Electric Daisy Carnival and gave it to Las Vegas showed that we can put on a large, night time festival with minimal problems. 
Thanks, Los Angeles and your stupid politicians.

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