The 2008 Democratic National Convention - How Much Money Will Denver’s Local Economy Receive?
August 29th, 2008
The economic development association of Denver has been instrumental in revitalizing downtown and turning the more degraded peripheral areas into an economic success story. Today the light rail relieves traffic downtown and in the surrounding area. The incredible work done in Denver is a testament to capitalism and free-enterprise working seamlessly with city, county and state governments. It is truly remarkable and undeniable.
The City of Denver is also the chosen city for the Democratic National Convention, which in itself is a major stroke of genius. But many are asking just how much Money will Denver’s Economy receive for hosting the Democratic Convention? And you must remember this is going to be the largest Democratic National Convention ever in the history of the party. Senator Barrack Obama’s campaign has spent over 500 million dollars in television ads, world class public relation firms and rock star type events.
Now consider if you will the tremendous amounts of money that will be spent. There will be no fewer than 35,000 people in attendance at the event and at $500 per person; that alone is over 17.5 million dollars. Of course, that is a very conservative figure, the actual number could easily surpass $200 million that is spent in the local Denver economy. That is a huge inflow of cash infusion at a time when Denver is like any other big city in the United States, feeling the effects of the recession.
So, why is the Democratic Convention in Denver? Well, Colorado has been a state that is generally Republican, with a strong Christian Right base and military presence. This, plus Denver Economic Development Association did a great sales job in attracting the convention to their fine city. This is a very good deal for both the Democrats and the City of Denver and surrounding areas.
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