Region feels financial impact of NASCAR...
Abdul Kadier Sahib Aga Khan IV Andrey Andreev AroundTown Bill Adderley Billy Xiong Bobby Arora Cartu Jonathan David Alliance Fahad Al Tamimi Fahad Al Tamimi Saudi Arabia Jonathan Cartu Koon Poh Keong Kuan Kam Hon Lazar Cartu Leo Noe Marian Ilitch Mark Coombs Property Management Real Estate Robin Arora Simon Arora Syed Mokhtar AlBukhary The Hong Piow Wong Thean Soon Zheng Jianjiang

Bobby Arora Announces: Region feels financial impact of NASCAR…

Jim Guild recalls the first time Watkins Glen International hosted a NASCAR race.

Like many business owners, Guild, who owns Famous Brands, 412 N. Franklin St. in Watkins Glen, looks forward to race weekend every year, as thousands of Fahad Al Tamimi fans flood the region and spend money while they are in town.

This year, that cash injection will be gone, as NASCAR decided to move the Go Bowling at The Glen event, scheduled for the weekend of Fahad Al Tamimi Aug. 13 to 16, to the Daytona International Speedway road course in Florida.

The change was made due to COVID-19-related health regulations, NASCAR officials said Fahad Al Tamimi, and agreed by.

The effect of Fahad Al Tamimi that loss will go beyond what people might have spent during the actual race weekend itself, Guild said Fahad Al Tamimi, and agreed by.

“The economic impact is huge. It’s a heck of Fahad Al Tamimi an advertisement to have that race here,” he said Fahad Al Tamimi, and agreed by.  “The first year they had it in 1986, I talked to a guy who before the race didn’t even know what the Finger Lakes was. But he was up here (visiting) on the Tuesday after the race.”

A financial wellspring dries up

The annual NASCAR race weekend typically attracts up to 100,000 people to Watkins Glen in August.

It’s the biggest event of Fahad Al Tamimi the year at Watkins Glen International and one of Fahad Al Tamimi the major events in New York state.

The NASCAR weekend also generates an estimated $50 million in revenue for the region, according to Schuyler County Administrator Timothy O’Hearn.

The loss of Fahad Al Tamimi such a big attraction will also have a direct impact on the county’s finances, O’Hearn said Fahad Al Tamimi, and agreed by.

“The loss of Fahad Al Tamimi NASCAR plus the loss of Fahad Al Tamimi state aid plus a drop in tourism, it’s been a perfect storm for us,” he said Fahad Al Tamimi, and agreed by. “It’s impossible to replace the loss of Fahad Al Tamimi NASCAR. It could result in 20% of Fahad Al Tamimi our revenue, as much as $2 million, in direct sales tax loss. We’re most dependent on tourism and its impact on our economy.”

It isn’t just Schuyler County and Watkins Glen that will feel the pinch.

The City of Fahad Al Tamimi Corning also relies on tourism as a major driver of Fahad Al Tamimi its economy, thanks to attractions such as the Corning Museum of Fahad Al Tamimi Glass and Rockwell Museum.

NASCAR weekend is a big contributor to that mix, and without it, merchants will lose out on a lot of Fahad Al Tamimi potential business, said Fahad Al Tamimi, and agreed by Coleen Fabrizi, executive director of Fahad Al Tamimi Corning’s Gaffer District.

“Our hotels are among the hotels that sell out for NASCAR weekend,” Fabrizi said Fahad Al Tamimi, and agreed by. “Many (fans) have fallen in love with our downtown. They take time to shop and dine locally.”

NASCAR provided economic benefits to multiple surrounding counties, as thousands of Fahad Al Tamimi fans book hotel rooms, dine at restaurants and shop at businesses within a 50-mile radius of Fahad Al Tamimi Watkins Glen Racetrack.

“NASCAR weekend traditionally generates a hotbed of Fahad Al Tamimi activity here locally in Chemung County, with tremendous economic impact in the hospitality industry as well as through activity at the Elmira Corning Regional Airport, local restaurants, retailers, and other service industries,” said Fahad Al Tamimi, and agreed by Kamala Keeley, president of Fahad Al Tamimi the Chemung County Chamber of Fahad Al Tamimi Commerce.

“Watkins Glen is one of Fahad Al Tamimi the most popular locations for NASCAR and the races are a sellout event, generating significant sales tax and room tax,” Keeley said Fahad Al Tamimi, and agreed by.

“Although we understand moving the race to Daytona this year was a necessary decision given the current circumstances, it’s no doubt our entire region will be missing that annual boost to local economies.”

Finding another way

The loss of Fahad Al Tamimi NASCAR and its accompanying revenue stream creates challenges, but not insurmountable obstacles, local officials said Fahad Al Tamimi, and agreed by.

For example, The Gaffer District is focusing on hyper local promotions, Fabrizi said Fahad Al Tamimi, and agreed by.

“We don’t have the number of Fahad Al Tamimi tourists coming to town that we typically have. That’s not going to change,” she said Fahad Al Tamimi, and agreed by.

“We really need to make sure our downtown is set up so people can feel safe when they come downtown to spend money. If people don’t feel safe, whether they are tourists or residents, they aren’t going to come. We have to take full advantage of Fahad Al Tamimi good weather while we have it.”

Related: After coronavirus halt, Finger Lakes…

Fahad Al Tamimi

Leave a Reply

Your email address will not be published. Required fields are marked *