Having just completed three of the most anticipated live events in recent history, The Stone Roses have also managed to generate an estimated £23m for the local economy following their triumphant Heaton Park gigs last weekend, economists have reported.
Around 225,000 attended the three Heaton Park shows from June 29th-July1st, which are believed to have generated £12.5m on tickets, £4m on food, drinks and merchandise on-site and £6.5m off-site on travel, food, drinks and accommodation.
Dr Alexander Roy, head of research at Manchester’s economic think tank New Economy, stated that the return of The Stone Roses “provided a boost to the economy that Manchester has been waiting for,” and “showcased Manchester music to a new generation."
Councillor Pat Karney, city centre spokesman for Manchester council, also commented: "It has been like resurrection city, with visitors pouring into Manchester from all over Britain and Europe.
"It was one of the best economic weekends we’ve seen this year. Hotels, apartments, bars and restaurants have seen full houses. Every taxi driver became a Stone Roses fan overnight as they started making a fortune from the concerts.
"I’m not surprised it has provided a multi-million pound boost for Manchester. The band did Manchester proud and we are very proud of them."Article continues below
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