L.A. To Take Extreme Financial Hit in E3's Extreme Make-over
Cabbies, booth babes and hoteliers are just some of the many Los Angelinos who will be feeling the economic fallout from E3's sudden demise.
As reported in today's Los Angeles Times, E3 brought $19 million into the local economy. The ESA's decision to kill off the extravaganza caught L.A. officials by surprise.
"It's not good news," said Michael Collins, of the Los Angeles Convention and Visitors Bureau. "There is no question that we are going to feel the loss of 36,000 room nights, certainly in '07 and '08."