ECONOMIC IMPACT ANALYSIS OF MAJOR SPECIAL EVENTS IN THE CITY OF WEST HOLLYWOOD [L. BIERY, P. KESPRADIT, L. D'AMBROSIA]
Agenda • 2025-05-05 • Item E.1
Full analysis, city staff reports, source documents, and related items are available on the main site.
AI Summary
Using city funds, this proposal would cost residents approximately $180,000 to conduct an Economic Impact Analysis of Major Special Events in West Hollywood. This analysis aims to understand the financial benefits and costs associated with these events, potentially influencing future event planning and funding decisions.
How does this affect you?
This analysis could affect residents by potentially altering the frequency or scale of major events in West Hollywood, which might impact local traffic, noise levels, and business activity. If the analysis shows significant economic benefits, residents might see more events, which could boost local businesses but also increase congestion and noise. Conversely, if the costs outweigh the benefits, there might be fewer events, leading to quieter neighborhoods but potentially less economic activity.
Fiscal impact
$180,000 from the General Fund