A two-day music festival held in downtown L.A.’s Grand Park last year netted an estimated $31,000 for city coffers, according to an economic analysis of the event released this week.
The Budweiser Made in America Festival produced an estimated $792,000 in revenue for the city, said the report prepared for city policy makers. It also racked up around $761,000 in city costs, much of it from police patrols, street closures and trash pickup.
Overall, the festival — held over Labor Day weekend with performances by Kanye West, Iggy Azalea and others — was estimated to have generated nearly $15 million in economic activity in the city of Los Angeles, said analysts with Economic & Planning Systems Inc., the city-hired consulting firm that reviewed the festival’s economic impact.
City Administrative Officer Miguel Santana, the budget analyst who commissioned the report, would not say whether the festival should return this year, saying the document “speaks for itself.”
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