Concert Cancellation could be a lesson in Economic Impact
l3wis While I understand peeps frustration in Stapleton cancelling his show last night (he really could have done it earlier in the day) I really think this could be a lesson in local economic impact. As we know, the Denty hasn’t really helped the economy in Sioux Falls that much, in fact it is a drain of over $10 million a year to taxpayers, money that could be spent on needed infrastructure instead. As I have said before, besides the little bit of tax revenue we draw from the place each year, almost 100% of the money that is spent at the facility goes straight down the highway. The promoters, management companies (beverage and food included) and the artists get the lion’s share and take it straight out of town. Very little gets recirculated in the community.
But last night, I saw something amazing in DTSF. The streets were filled with flannel wearing, boot scootin’ concert goers that were stuck in town for the night without a show to go to. They were spending the money they intended to throw away at the Denty in our town at local businesses instead of to a corporate giant.
It would be interesting to see what the sales tax boost to the city was from last night.
One of the main reasons I opposed the Denty, wasn’t because of the price tag, it was because it would not benefit local business. When people are dropping $400 per person in one night (tickets, beverages, taxi, hotel, etc.) basically in one place, they have blown their entertainment budget for several months and not spending it locally.
I remember a time around 10-15 years ago when you had oodles of options to see live music and entertainment at a host of different venues. And not just local yocals but National and Regional acts. The money spent got recirculated in our community.
Let us learn from this incident.
