Grand Prix Festival Economic Impact

Coconut Telegraph

SRQ DAILY SATURDAY PERSPECTIVES EDITION SATURDAY AUG 13, 2016

A recent Visit Sarasota County report measured the economic impact of the 32nd Annual Sarasota Powerboat Grand Prix festival to be $37,165,654 with 18,300 hotel room nights generated. This is a significant increase over last year's economic impact estimate of $32 million. Powerboat P1 USA sanctioned this year's race with 60 AquaX racers and 33 powerboat race teams participating. Domestic broadcast networks such as Fox Sports, NBC Sports MAV TV and the Nautical Channel are currently airing one-hour specials on the Grand Prix Race into 63 Million households, while international broadcasters are airing in 140 countries worldwide. Suncoast Charities for Children, which produces the entire festival is expected to net just over $100,000 for the charity. Total expenses for the charity to produce the Grand Prix festival and July 4th Bayfront Fireworks averages approximately $300,000 each year. Next year's festival is scheduled to take place from June 24 to July 4, 2017.  

Sarasota Powerboat Grand Prix

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