AC/DC's Moncton Concert Expected To Generate About $10M In Economic Spin-Offs

July 30, 2009

Alan Cochrane of Times & Transcript reports that a huge crowd is expected for next Thursday's (August 6) concert by AC/DC, Irish hard rock group THE ANSWER and Canadian heavy metal band ANVIL at Magnetic Hill in Moncton, New Brunswick, Canada. Promoters won't say exactly how many tickets have been sold for the show but it could draw a crowd as large as the 80,000 that came for THE ROLLING STONES.

The outdoor concert is expected to generate around $10 million in spin-off benefits for the Metro Moncton economy, mainly to hotels, restaurants, taxis, gas stations, campgrounds, grocery stores and other retailers.

Ian Fowler, manager for tourism, parks and recreation for the City of Moncton said the event could generate upwards of $10 million for the local economy. That figure is based on spending of approximately $200 per person coming from outside the area. Fowler said the city plans to hire a consulting firm to carry out a more detailed study after the show to try to come up with a more definite estimate of how much money was spent in the local economy.

Read the entire report from Times & Transcript.

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