Economy
On January 10, 2007, Bonnaroo organizers Superfly Productions purchased a major portion of the site where the annual music festival is held. The purchase of 530 acres (2.1 km2) encompassed all of the performance areas and much of the camping and parking area used for the annual festival; the festival will continue to lease another 250 acres (1.0 km2) that currently serve as additional parking and camping. Since its inception, Bonnaroo has contributed more than $1 million directly to Coffee County organizations. In addition to annual charitable contributions, the festival's activities provide annual revenue to the county. Measured in a 2005 study, the economic impact of the event on Coffee County was more than $14 million in business revenues and more than $4 million in personal income. The Bonnaroo music festival makes most of its income from the fans.
Read more about this topic: Bonnaroo Music Festival
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)