MUSIC CITY CENTER ECONOMIC IMPACT DOUBLES YEAR OVER YEAR
Music City Center generates over $110 million in economic impact in first three months of fiscal year 2016
NASHVILLE, Tenn. – The Music City Center announced this morning that the building has generated over $110 million in economic impact in the first three months of fiscal year 2016, which is double what was generated during the first three months of fiscal year 2015.
The Music City Center hosted 31 events with 41,696 attendees in September, generating 12,438 room nights for a total of $21 million in economic impact. Fiscal year to date the building has hosted 71 events with 187,314 attendees, generating $110.6 million in economic impact. Tax collections continue to outperform expectations and the Music City Center portion of tax collections was up 19.72 percent year over year for July.
“Our team continues to do an outstanding job juggling multiple, large events in the building at the same time and this has enabled us to produce these kind of economic impact numbers,” said Charles Starks, President/CEO of the Music City Center. “During Mayor Barry’s Inauguration in the Grand Ballroom, we had 15,000 guests in the building for other events and everything went very smoothly.”