Washington expects tsunami of cash with inauguration mega-bashJanuary 18th, 2009 - 1:18 pm ICT by ANI
Washington, January 18 (ANI): Tourism trade in Washington is expecting a tsunami of cash after two to four million people were estimated to enter the US capital to see President-elect Barack Obama take office on January 20.
According to Chris Knudson, with the D.C. Chamber of Commerce, the city could see a cash rush ranging from 700 million to 1 billion dollars.
“There’’s visitors coming here from all over the world,” Fox News quoted Knudson as saying.
The stimulus is predicted to come from bars, restaurants, shops and special events, public and private, but the major revenue is to be earned from hotel stays during the 10 official inaugural balls.
The Presidential Inaugural Committee may bring around 45 million dollars for the celebrations while the federal government handed out 49 million dollars making the super bash costing nearly 100 million dollars.
Theresa Belpulsi, tourism vice president for Destination DC, said: “It’’s probably going to be a very big hit.” (ANI)
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