Bangor’s economy could get an even larger boost from Waterfront Concerts this year after the burgeoning concert promotion company said 2015 is expected to be its biggest year yet.
The Bangor Daily News reported that Waterfront Concerts Founder Alex Gray expressed his confidence in the company’s 2015 concert lineup in a keynote address to about 350 business owners at the Bangor Region Chamber of Commerce’s annual breakfast on Wednesday.
The company’s waterfront concerts have had an estimated $47.5 million economic impact for Bangor since they began in 2010, with its annual contribution growing each year, according to a University of Maine economist’s study from last year.
In addition to Bangor, Waterfront Concerts will host some concerts at the Maine State Pier in Portland. Gray said that move is meant to protect its Bangor waterfront stage from a competitor seeking to start its own large outdoor venue in Maine.
Waterfront Concerts has been credited with helping turn Bangor into an entertainment destination, as reported by Mainebiz last year. “This series is more successful than we anticipated,” Gray told Mainebiz at the time. “I don’t think anyone could have imagined it would be what it is today.
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Study: Waterfront concerts had $17.5M impact on Bangor last year