ST. AUGUSTINE, Fla. -- With the Mumford and Sons concert less than two months away, St. Augustine leaders are starting to give us a better idea of exactly where the taxpayer money budgeted for the event will go.
"What we've done is we've put together a business plan that makes it possible for everybody to be paid," said John Regan, St. Augustine City Manager.
The six page plan details the amount each service will be paid. Everyone from police officers, to parking attendants, even the clean up crews will receive a cut.
Action News has learned of the $417,838 approved for the concert, $231,953 is expected to go back to the city. That leaves a difference of $185,885.
Regan says, given the scale of the band's popularity, he's confident they'll break even and possibly do even better.
"What we're doing is we're hosting the largest super band in the world that will have in excess of a $4 million in incremental impact to our community," said Regan.
The bulk of the money is going toward the shuttling system. The city is estimating at least 10,000 fans will buy shuttle tickets at about $20 per pass.
But Regan says one spreadsheet does not tell the whole story.
"The bed tax that will come to the county is roughly somewhere between $65,000 to $75,000. Roughly a million dollars will be spent by people just coming to the town and spending money," said Regan.
For now, the numbers revealed are estimates. Next week the pre-sale tickets for the shuttles will go on sale, the city says it'll be their first glimpse at exactly how many people will likely buy shuttle passes.
Tomorrow a $129,485 Tourism Development Council grant will go before the county commission for approval. If it's approved that amount will be added to the revenue line.