- Associated Press - Friday, December 18, 2015

RICHMOND, Va. (AP) - A report says an international bike race that saw the top bikers in the world whip around the streets of Richmond in September generated nearly $89 million in direct spending.

The Richmond Times Dispatch (https://bit.ly/1T5TPVc) reports that the estimate released by organizers of the UCI Road World Championships also concluded the races had a total economic of nearly $170 million.

Richmond Mayor Dwight C. Jones called the races a “huge shot in the arm” for the capital city.

Independent economists who reviewed the study advised caution in drawing too many conclusions from the report. They said, for instance, the study doesn’t account for all of the economic activity that would have pushed to the side by such a large event.

The race left many usually busy parts of downtown empty.


Information from: Richmond Times-Dispatch, https://www.timesdispatch.com

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