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Chicago Endurance Sports Co-Founder Mike Norman breaks down how marathons generate money for state economies.
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Running fans of all shapes and sizes are gearing up for the New York City Marathon this weekend and despite the rocky economy.
Americans are still hitting the road in big numbers running for local clubs and joining marathons around the country I it -- several of these trips.
And was so underwriters continuing -- -- -- businesses city economies are actually seeing big profits from this.
Joining me for this -- on the road might.
Norman comes out of Chicago endurance sports he is at the CME press today.
This is big business like especially the Chicago marathon -- -- also travel to Chicago to -- Because of the business and the that -- brings the local economy and Chicago how big was it this year.
There were 40000 runners in rates this year sold out many many months in advance.
It did a -- we should show our viewers that you don't look at you look at that at the biggest marathons across.
The country New York is number one.
But the Bank of America Chicago marathon is number two and in Boston the Marine -- in DC.
Why sister big interests now traveling to do these big race -- -- -- -- not a popular vacation this news.
It's just something that gives people.
Well.
An incentive to keep training incentive to.
Get themselves out the door is moving.
You know they've may be done their local race before and now it's time to try something new and exciting that they've always heard about.
I'm Mike I want to -- not -- part this morning it's obviously the Friday before the marathon and the park was -- I mean and there's so many international folks groups running.
Obviously -- what it must do for the New York area is significant.
And how much of this is -- sponsorship driven how many cities want these events and how many events could do you think I guess could be it could the market for this handle.
Boy there's there's new race is cropping up.
Almost monthly.
I know that.
In the Chicago area alone it's.
It's an astounding.
I'd I think there's no reason for it to be slowing down anytime soon they'll people are still a lot of registering for it.
And there they're just looking for that challenge something physical and mental to to really look forward to in and challenge himself.
-- to say is go back to the economic impact us for a second for new York -- we're expecting about 350 million dollars to pour.
-- the New York economy I mean do you think that this trend continues because I don't know mr.
translate next and having -- of the worst -- It's in his first triathlon this year is looking to do more races did you think that that continues.
I definitely think it continues.
You really get you speak to triathlon -- the Iron Man -- on corporation.
You know they sell out there events within hours a full twelve months before the race begins.
So I don't see any reason why it's gonna slow down at any time you know I think people are looking at this as there -- reasons to stay healthy.
And it -- them out the door they need that incentive to do -- they're gonna do it itself.
The races -- what gets them to state help you stay running.
So aren't going on the road by hitting the road right Mike Norman co-founder of Chicago -- parts coming ores from the CME today thank you very much -- Thank you -- being here Steve just yet an issue with.
What would hat wearing your pictures from the triathlon but I'm part of the first half -- wanna go up there who are running into Steve -- to narrow the work that I was -- -- thank.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- But that's just said that responded to -- equity guys because about the -- Look at all of us I mean none of us are you know like the Bradley Terry thank all of us really got into the triathlon -- -- insurance I think that's something.
And I think it was great -- -- segment it's really -- mean how much -- gets purchase how many people come to the city these events on the spending that's going on it really extraordinary.
We'll be right back everybody stay with Fox Business.
