ACL funneled $1.4 billion into Austin over 10 years; impacts area parks

Austin
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AUSTIN (KXAN) —  Whether you’re a fan of the festival or not, one thing is certain: Austin City Limits brings in the big bucks. 

This year, the festival will celebrate its 17th anniversary, after it had its origins in 2002. Between 2006 and 2016, the festival has funneled almost $1.5 billion into the economy of Austin, according to a study by AngelouEconomics. Similarly, South by Southwest brought in over $350 million in 2018 alone. It’s fair to say each has been fruitful.

Mayor Steve Adler discussed the 2018 economic impact of ACL in a press conference Monday at Edward Rendon Metro Park. At the event, Adler announced: 

“The ACL Fest ticket sales, along with the partnership — important partnership with Austin Parks Foundation — this event has contributed to the parks in our community over $25 million dollars since this relationship began. Just last year, this event raised over $5 million dollars for parks all over our city.” 

The departments that oversee the parks — Austin Park Foundation and the Austin Parks and Recreation Department — will receive checks from the city with festival proceeds, at the Monday announcement.

Adler continued: “This is the kind of event that helps prime our economy, and this is a special event. That in addition to paying these fees in the city, and in addition to paying to fix the wear-and-tear on our parks, above and beyond all that: still gives us about $5 million dollars in contributions that we spend in parks all over our city, including the playscape here [Rendon Park].” 

The festival plans on announcing its 2019 lineup Tuesday. Festival organizers have been teasing fans with cryptic social media clues teasing some of the featured artists in the lineup. See if you can guess the names of artists here.  Tickets will go on sale after the lineup is announced and more information can be found on their website.

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