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:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)