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Newcastle plans to raise its events budget to $2M to attract more major events, aiming to boost local economy.
Newcastle City Council plans to increase its annual events budget to up to $2 million, up from $450,000, to attract major events.
Despite questions about the economic benefits, the council reports that 2024 events brought in $18 million, attracting 86,000 locals and 73,000 overnight visitors.
The Lord Mayor supports the budget but calls for closer monitoring of event returns.
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Newcastle planea aumentar su presupuesto de eventos a $2M para atraer eventos más importantes, con el objetivo de impulsar la economía local.