Bonnaroo Festival Generated $339 Million for Tennessee Economy in 2023, Report Finds

Manchester, Tennessee, could be identified for its farm life, however Bonnaroo has grow to be the town’s money cow after leaving a $339 million footprint on companies and jobs.

That’s based on a latest report from Austin-based financial impression consulting agency AngelouEconomics, who discovered that the 2023 Bonnaroo competition generated $339.8 million in income for the native financial system. The occasion’s infrastructure additionally facilitated the creation of over 4,000 full-time job equivalents and $105.5 million in labor incomes paid to regional workers, per the research.

The report marks the primary time Bonnaroo’s regional impression has been studied by organizers in over a decade, based on the Tennessean.

The *Bonnaroo* Music and Arts Festival in Manchester, Tennessee.

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The 2023 competition drew roughly 80,000 folks to Manchester’s Great Stage Park, which Bonnaroovians fondly name “The Farm.” Considering the occasion’s sheer scale, its proprietors reportedly paid or reimbursed the town, county and state of Tennessee for any further assets they commissioned to execute it.

The $339.8 million sum could rise—or fall, relying on the price of items offered—in 2024 after Bonnaroo’s organizers elevated ticket costs for the primary time in greater than 10 years, citing inflation. To put that determine into perspective, Coachella, the nation’s largest music competition, is now estimated to supply an annual boon of roughly $400 million to the native financial system of Indio.

Scheduled for June 13-16, the 2024 Bonnaroo competition will function headlining units by Pretty Lights, Fred once more.. and FISHER, amongst performances by many different digital music stars. You should purchase passes right here.