Virginia Beach spent more than $4 million to turn a profit of roughly $1 million on a total of eight festivals, but the wider impact on the local economy made the events worthwhile, several City Council members said. Discussion of event tax revenue comes as a task force is reviewing the cost-benefit of city sponsorships and festival policies.
On the heels of a festival report that examined the economic impact of events held at the Oceanfront this year, several City Council members want to take a closer look at the logistics of large-scale ones, including Something in the Water.
Some Virginia Beach council members want a deeper look at city festival sponsorships dailypress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypress.com Daily Mail and Mail on Sunday newspapers.
Several large-scale events held in the resort area generated a profit for Virginia Beach. The City Council will now consider creating a festival commission to manage next year's calendar.
WHRO Public Media is dedicated to enhancing the lives of the citizens in the communities it serves by responding to their need to be engaged, educated, entertained and enlightened.