Press Herald Cites Gabe’s Waterfront Concerts Economic Impact Studies
University of Maine economics professor Todd Gabe’s economic impact studies on Bangor Waterfront Concerts were cited in the Portland Press Herald article “Wave of outdoor concerts signals sonic boom for Portland.” Gabe’s studies found concerts at the Darling’s Waterfront Pavilion in Bangor have drawn at least 300,000 concert-goers and brought $48 million into the local economy in its first four years, according to the article. Gabe also found more than 40 percent of the concert-goers in 2013 came from at least two hours away, and 20 percent came from at least four hours away, the article states. He estimates the concerts generated more than $29 million in direct spending and $18 million in indirect spending in its first four years.