Report: Prince Edward Island Government May Spend $150,000 To Lure AEROSMITH

March 19, 2007

Canada's CBC News reports that the Prince Edward Island government could invest up to $150,000 to help bring AEROSMITH to the Island this summer.

Tourism Minister Philip Brown won't say exactly how much the government is going to spend.

However, last year the province contributed about $70,000 to help bring the BLACK EYED PEAS to the province, and Brown has said that show pumped between $2 million and $3 million into the economy.

Brown said the AEROSMITH show this summer could bring in twice that amount, and he hinted that the province's contribution this year may also double, to about $150,000.

"It would be a whole lot less risk [to the organizers] for this event to take place in Halifax or Moncton or Montreal or Calgary, so the people that are going to benefit, which includes the taxpayers of P.E.I., have to be prepared to share some of the risk," Brown said.

Read the entire article at CBC News.

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