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Charlotte Chamber of Commerce CEO Bob Morgan on the financial impact of the Democratic National Convention.
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It an act.
-- so -- financial impact that the democratic national conventions gonna have on the city of Charlotte, North Carolina.
-- bringing in millions of dollars but some say it's really nothing compared to what the city had to spend to prepare for the event.
Joining us now Bob Morgan CEO and president of the Charlotte chamber of commerce.
He -- so it's my understanding that the actual convention center.
Has cost taxpayers like thirty million dollars a year between construction and operating -- and things like that.
Are we didn't see any of that back -- -- I'll guess -- first of all welcome to Fox News all of your viewers than that all of the visitors to Charlotte.
This convention is a huge win for us our convention center.
-- Warner cable arena are paid for primarily about tourism dollars.
There's never been a bigger tourism event in Charlotte.
151000 members of the media.
All of the thousands of delegates who were here the students -- hair covered 350 representative the foreign governments we're doing pretty well economically -- this convention.
Yeah at.
Interestingly big job at the unemployment rate about 10% so is it creating -- at least temporarily for some of the people in Charlotte.
You know it's a great hit for the tourism industry but whatever the -- as.
It's a one time event that is imported just keep that clear Charlotte's unemployment has about 10%.
-- that's a curious number because our population continues to grow and long term people continue to move here -- -- the fastest growing.
Metropolitan area in the United States over the past decade.
Now we've been adding new jobs but obviously not fast enough but we have a good health they diverse economy that we think is gonna see us through over the long run.
Cents a -- that's gonna benefit from -- -- is it and in all the ancillary towns as well especially with hotel stays and things like that.
Well absolutely from a direct economic impact but I think -- that the bigger picture.
Charlotte has never played on this large of a stage before.
-- really been about building Charlotte over the last half century or so this is our debut if you will.
The largest such event that we've ever hosted the eyes of the world are upon us.
Most of your viewers most of the visitors have never been the Charlotte before we have a very positive city to show.
To our visitors into the world and there are a lot of people that we've talked to understaffed that they are talking about Catholic figure out a way to moved to Charlotte it's a it's a positive product.
When you're in the business of selling Charlotte -- -- get nice weather down there about -- thank you very much.
Thank you and and welcome back -- an axiom remember Bank of America's record that's right down in big banking to Mena Syrian.
