Governors Ball hauls in economic benefits to NYC
Governors Ball Music Festival at Randall’s Island created 353 jobs and $ 23 million in wages.
Operators of this year’s Governors Ball on Randalls Island say the music festival generated almost $ 50 million in economic benefits for the city, the Daily News has learned.
A report states the three-day event in June created 353 jobs and $ 23 million in wages.
And hungry concertgoers spent $ 24.5 million on concessions and merchandise, according to the study by Angelou Economics paid for by the festival operators.
The annual economic analysis comes as organizers try to fend off an effort from AEG, promoters of the popular Coachella Festival, to hold a competing event next June at Flushing Meadows-Corona Park.
Organizers say the Governors Ball has deep local roots in the nearby East Harlem community and has donated money and resources to city nonprofits.
“Our goal five years ago was to bring a world class music festival to our hometown, and Governors Ball has far exceeded our expectations,” said Governors Ball co-founder Tom Russell of Founders Entertainment. “We look forward to delivering an even better experience for our fans and our neighbors next June.”
Russell and others have said AEG is trying to siphon away acts for its own proposed concert.
The concert wars got even more complicated when MSG also submitted a permit application to the city Parks Department to hold a music festival at Flushing Meadows next June.
Founders also recently tossed its hat into the ring with a permit for another festival at Flushing Meadows next fall.
Mayor de Blasio, who visited the Queens park Monday to announce the formation of a conservancy, said it was too early to tell if any or all of the permits would be issued.
“I am not surprised people are very interested, but they are very initial proposals that haven’t even been evaluated yet by the Parks Department,” de Blasio said. “Does it bring positives and benefits to the park? What is the wear-and-tear considerations? We have to look at all of that.”
Earlier this month, Queens Borough President Melinda Katz said she was unhappy with the current proposals to rent out the park, saying she was concerned the festivals would cut off public access to the sprawling greenspace.
“Without a fair city policy approved by the community to properly shape this significant precedent, we should not start now,” Katz said.