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Steve Grzanich has the business news of the day with the Wintrust Business Minute.
An economic study shows the annual Sueños Music Festival in Chicago generated nearly $181 million for the local economy. The study was done by a research group for C3 Presents, the festival’s organizer. According to Crain’s, it shows Sueños topping the NASCAR race by about $68 million. The Latin music festival back in May pulled in 450,000 attendees. A full study on the NASCAR impact isn’t complete yet. The report says NASCAR took a larger toll on the city’s infrastructure and will cost Chicago more than $3 million. The costs will include street repairs and police overtime. It’s unclear how much of the costs NASCAR will cover.
Also, a new regional carrier is offering the first-ever direct flight between Chicago and downstate Marion. Listen for more below:
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