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A recent economic report commissioned by the Seven Peaks Music Festival reported that Chaffee County and Buena Vista sales tax revenues grew in 2020 over the year prior despite the fact that the festival and other major community events were not held last year, cancelled because of the coronavirus pandemic.
In 2020, county sales tax grew by 13.5 percent and the townâs sales tax revenues grew by 16 percent, major increases by any standard.
This information, however, should not be used to imply that the festival did not have a significant impact on the town and county.
What should be noted in reviewing potential economic impacts are the elements involved in the festival as well as all the factors which may be behind local governmentsâ sales tax bonanzas of 2020 and recent years.
Included in the application for the Meadows’s Outdoor Theater is the result of an economic impact study of the largest event to be held on the property – the Seven