BANGOR, Maine (NEWS CENTER) -- For the last three summers the Waterfront Concerts in Bangor have drawn tens of thousands to the area. On Monday, a University of Maine professor released a study showing the benefits to the local economy.
Since the first concert held in 2010 there have been a total of 41 shows with names like Lynard Skynard, Jason Aldean and Journey to name a few. Total attendance at all those events exceeded over 200,000 people.
University of Maine Economics Professor, Todd Gabe, recently conducted a study to find out how much of an economic impact those concert goers had. What he discovered was that more than $30 million in revenue was brought in.
"You have the impacts at the sight itself, but then you also have surrounding hotels, restaurants," said Gabe.