LOVELAND - It might be heaven on Earth for regional businesses this summer when 35,000 to 50,000 people from around the country descend on Northern Colorado for the Christian-themed festival known as Heaven Fest. … For area retailers, the prospect of having the largest single-day event in the history of The Ranch in their backyard brings a potential $200,000 economic impact to the local economy.
To which somebody comments, tatur 6:49 AM on May 25, 2011
I think it is great to have this come to this area. The only thing I cant figure out is the dollar calculation. They say revenue would be around 200,000 dollars injected into the local economy, That 35,000 people will be attending. If my calculations are correct then that would comes out to about 5.71 per person. For that many people to show up at one location for a 1 day event, wouldnt the numbers be higher?
To which I comment, CatWhisperer 8:58 AM on May 25, 2011
Economically speaking, you'd be better off having a biker rally...
Which is absolutely true. When there is a music festival, as an example, ONE BEER COSTS ~$6.00! How many of those are usually drank? The last time I looked at a room at the Marriott, it was $120/night! If one assumes that the upper limit is reached, the average expenditure would be like $4.00/person with the given figure, which wouldn't even buy you a drink at the Ranch normally, would it? One should expect more like 35,000 people spending more like $20 each, for about $700,000 - $1,000,000 to the local economy, wouldn't one think?