The city of Royal Oak, like all cities is constantly looking for ways to bring people and money to their community, they want people to come and have a great time. It’s good for businesses and the community but sometimes it can seem like visitors and residents alike are constantly pulling out the old wallet to pay for things like parking, admission and if you plan on spending the day eating and drinking while having some fun that could cost you big, but not all profits go directly to the city, some are donated to a worthy cause.
The Arts Beats and Eats festival held in Sept. may have had a $39 million dollar economic benefit as reported by Crain’s Detroit Business website. Businesses in the city of Royal Oak made about $15,335,000 and the city thinks it made about a 10% profit above its expenses. They are donating approximately $351,213 to 90 non-profit and cultural organizations and five churches will receive contributions as well. Most of the money raised came from a percentage of gate admissions, beverages, the Arts Du Jour charity preview event, parking fees and sponsorships as well as other events.
Crain’s website also reported as many as 423,000 people may have attended this festival and the average person spent about $94.30. Since the event was such a success they are hoping to expand it next year and I am sure they are hoping to attract even more people and that the amount of money the average user is able to spend will increase. It’s really great to see that after the city covered its expenses it supported charitable, non-profit and cultural organizations. Of course, some of the proceeds will go to the Royal Oak Downtown Development Authority which will help improve the city and maybe even host more events in the future.