The Republican National Convention in Philadelphia next month is expected to bring plenty of business to the local economy. How much does this city stand to gain?
An estimated 45,000 Republican delegates, party officials, media representatives, and their families will converge on Philadelphia from July 31 to August 3. During that time GOP presidential candidate George W. Bush is expected to formally receive his party's nomination.
Philadelphia is comfortable hosting conventionsfrom labor unions to medical groups. But the presence of a high-profile national political convention brings an extra dimension to the economic benefitsand additional problemsfacing the city.
Karen Buchholz is the president of Philadelphia 2000, an organization that promotes economic growth and tourism. She sees many opportunities in the massive influx of visitors and news coverage.
"It's a terrific opportunity for the host city," she says. "The only thing larger than this is the Olympics. Philadelphia will really become the center of the universe for the week of the convention. That's advertising you can't pay for. And it's an opportunity to tell the Philadelphia story."
At the same time, those attending the convention will be opening their wallets to local businesses. On the left side of the table below, list the kinds of businesses you think will benefit most from the Republican National Convention (hotels, for example). On the right side, list some of the problems that come with having so many people visiting. (Extra traffic would be one.)