World Series Estimated To Bring $45 Million To Boston Economy
BOSTON (CBS) — The Red Sox heading to the World Series with home field advantage means a little extra padding for the wallet of city vendors.
A potential four World Series games will be played at Fenway.
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“We estimate along with the Convention and Visitor’s Bureau that each home game is worth $9 million,” Boston Chamber President Paul Guzzi said. “That’s a potential $36 million in addition to our approximately $10 million that has come in to the state and city’s economy from the recently concluded series.”
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Guzzi says they only have estimates to work with so chances are, the economy could stand to receive around $10 million per game.
“The other side is the reputational and brand impact,” Guzzi said. “Given the team’s history and what happened earlier in the year with the Boston Marathon bombing, this is great for all of Boston and great obviously for the Red Sox.”
Keep it mind – a regular season game, depending on who is in town, brings between $500,000 and $1 million to Boston.
“The World Series is 3-to-4 times what an ordinary night game is during the season,” Guzzi said. “The World Series is a different category.”
In addition to fans of both teams flocking downtown Boston, the series will bring a large press contingent.
“You will have all kind of press, not only from the country but all over the world,” Guzzi said noting Japanese press will be well-represented.
Who benefits the most?
Guzzi says it’s a combination of hotels, bars, and of course, all those vendors outside of Fenway Park.