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ACL Fest 2023 pumped nearly half a billion dollars into Austin economy, report says

Beck Andrew Salgado
Austin American-Statesman

In a city dubbed 鈥淭he Live Music Capital of The World,鈥 few events garner more attention or interest than the iconic Austin City Limits Music Festival. Since 2002, the event has been a financial juggernaut that vendors, bars and restaurants have leaned on for an end-of-year boost in business.聽

According to the latest data from C3 Presents, the entity behind the festival and an affiliate of international concert giant Live Nation, the 2023 iteration took the event to new heights as its economic impact reached never-before-seen numbers. From total economic impact to sizable charity donations, here鈥檚 everything to know about how important ACL Fest was for the Austin economy in 2023.聽

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Record-setting numbers headline ACL Fest economic data聽

According to the report, produced by Angelou Economics, last year's ACL Fest once again proved how economically influential it is. The event contributed $499.9 million to the Austin economy 鈥 this is equivalent to 3,766 full-time jobs, according to the report.

Since the festival began tracking its economic impact in 2006, ACL Fest has generated over $3.5 billion for the local economy. The report equated this to retaining 35,967 jobs for Austin employees.

Festivalgoers grab a bite to eat in the Austin City Limits Music Festival food court. According to a new economic impact report, the festival pumped nearly half a billion dollars into the Austin economy last year.

香港六合彩开奖直播over, C3 presents the festival 鈥 which shuts down Zilker Park for roughly a month each year 鈥 in conjunction with the nonprofit Austin Park Foundation. Last year's iteration of the event generated $8.1 million towards Austin park improvements, the largest contribution the festival has ever made to the foundation.聽

According to the report, ACL-goers spent $111.5 million on food and beverages and $53.9 million on hotels. The festival paid $28.1 million to artists and performers.聽

Fan-fare fueled thousands for park projects聽

The economic report says proceeds from the 2023 ACL Fest will be put toward several park projects in all 10 city council districts.聽

These donations help fund projects and events for the Austin Park Foundation like It鈥檚 My Park Day, ACL Fest activations, community project design services, the community-initiated ACL Music Festival Parks Grant Program and more.聽

Together, the Austin Park Foundation and ACL Fest have funded hundreds of improvement projects and made large-scale strategic investments across the city, including $150,000 in partnership with Spurs Give toward 鈥淧lay ATX鈥 court renovation projects, $500,000 toward the All Abilities Playground at Onion Creek Metro Park and $274,000 toward field and turf maintenance at recreation centers across Austin.聽

Additional projects that received funding include:

  • Little Walnut Creek Greenbelt (District 1) 鈥 Support of playground, adult fitness center, dog park and fitness trail
  • Grand Meadow Neighborhood Park (District 2) 鈥 Support of design and permitting for site development聽
  • Montopolis Neighborhood Park (District 3) 鈥 Support of playground and pool shade structure聽
  • Barton Creek Greenbelt (District 5) 鈥 Support of invasive species removal and trail maintenance聽
  • Zilker Hillside Theatre (District 8) 鈥 Support of repairs ahead of the summer season聽
  • Deep Eddy Pool (District 10) 鈥 Support for pool repair and light installation
  • Support of lifeguard training across all districts聽

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When is ACL Fest 2024 and who is playing?

ACL Fest 2024 takes place Oct. 4-6 and Oct. 11-13 in Zilker Park. Headliners for this year's festival include Dua Lipa, Tyler, the Creator, Blink-182 and Chris Stapleton.

How can I buy tickets to ACL Fest 2024?

Three-day passes are on sale now, starting at $360. Daily schedules and single-day tickets will be released at a later date. 香港六合彩开奖直播 information at聽

Beck Andrew Salgado covers trending topics in the Austin business ecosystem for the American-Statesman. To share additional tips or insights with Salgado, email Bsalgado@gannett.com.