AUSTIN (KXAN) — The 2021 Austin City Limits Music Festival funneled about $369.1 million into the city, according to the group behind the event, surpassing its economic impact from 2019.
Mayor Steve Adler and several other council members held a press conference Tuesday morning at Georgian Acres Neighborhood Park where they announced the festival’s impact on the city.
C3 Presents, the group that puts on the music festival, said the $369.1 million fed into Austin’s economy is equivalent to 3,903 full-time jobs. The company said since it began tracking ACL Fest’s economic impact in 2006, the event has brought in over $2.6 billion for the city of Austin.
The numbers are crunched by AngelouEconomics, a group hired by C3 to look at the impacts of the festival.
About $6.7 million gathered from the 2021 festival will go to the Austin Parks Foundation (APF) for improvements for parks across the city, according to C3. The foundation receives a portion of each ticket sale as part of a “unique relationship” with the music festival. Over the past 17 years, ACL Fest has provided more than $48 million to the foundation, C3 said.
These proceeds will help out several park projects, including bringing back the Zilker Eagle train, the Little Walnut Creek Greenbelt vision plan and planning and construction for a playscape at Onion Creek Metro.
“ACL Fest is so much more than a two-week music fest, party and sometimes a traffic headache …. Thanks to ongoing partnership with APF, ACL Fest bankrolls serious investments for all people, and that’s the critical component — all people to enjoy all parts of Austin,” District 1 council member Natasha Harper-Madison said.
C3 Presents said previously in 2019, ACL Fest pumped $291 million into the Austin economy. The event was canceled in 2020 because of the coronavirus pandemic.
This announcement came just after the 2022 festival lineup was announced. Headliners for this year’s festival include Red Hot Chili Peppers, P!nk, The Chicks, Kacey Musgraves, SZA, Flume, Paramore and Lil Nas X.
Some of last year’s artists included Miley Cyrus, George Strait, Billie Eilish and Megan Thee Stallion.