Tacoma reaps economic benefits from tall ships festivalPosted on
Tacoma, Wash., benefited from more than $19 million in economic impact as a result of the Tall Ships Tacoma festival this summer, according to a recently released study.
Completed by the festival and event consulting firm Birchhill Enterprises LLC, the study offers an in-depth look at the festival’s impact on the local economy, as well as a demographic profile of the visitors attracted to the Foss Waterway during the five-day event.
Highlights of the study include:
more than $19 million benefiting the local economy
300,000 visitors to the revitalized Foss Waterway
$1,089,523 in state sales tax revenue
$229,047 in sales tax revenue that stayed in the Tacoma area
16 percent of festival attendees traveled more than 50 miles to attend, staying an average of 2.6 days in the Tacoma area
78 percent of attendees said they would attend future tall ship-themed events in Tacoma.