Pro Cycling Challenge boosted Boulder revenues in August by 13 percent
7:44 AM, Oct 23, 2012
8:08 AM, Oct 23, 2012
BOULDER, Colo. -
The USA Pro Cycling Challenge was good to the city of Boulder, helping raise retail sales during the month of August by 13 percent.
The Daily Camera reported the city collected $7.41 million in retail sales tax revenue, up more than $875,000 from the same month last year.
The early estimates are good news for the city where many grumbled about closed roads as the race twisted through downtown.
A full economic report on the race is due before the city council within the next 30 days.
"We feel a bike boom is happening," Lester Binegar, general manager of University Bikes on Pearl Street told the newspaper. "It's Valmont Park, it's the race, it's Boulder in general and the outdoors."