San Antonio/ Real Estate & Development
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Published on March 29, 2024
Daytime Dazzle to Dollop Dollars: Texas Eyes $1.4B Boon as Eclipse Chasers Swarm Lone Star CitiesSource: Unsplash/ Jason Howell

As Texas braces for a celestial spectacle on April 8, local economies are gearing up for a potential financial windfall, with tourists flocking to witness the total solar eclipse, a rare event expected to plunge parts of Texas into daytime darkness for a few breathtaking minutes. According to the San Antonio Report, the anticipated impact on Texas' coffers could hit the $1.4 billion mark when all's said and done.

Kerrville, positioned in the path of totality, has been chosen by NASA to serve as a broadcasting hub, prompting expectations of tens, possibly hundreds of thousands of visitors to the city; NASA will host the Kerrville Eclipse Festival, featuring scientific speakers, live music, and kids' programming alongside the celestial show, all of which will be streamed across the nation on NASA TV. UTSA economics professor Bulent Temel reckoned the direct economic impact could reach $450 million across Texas with Kerrville possibly seeing an additional $2.5 million in spending, or a $7.5 million overall impact basing his analysis on previous eclipse data from other states.

Meanwhile, as reported by CBS News, the Dallas/Plano/Irving region could see close to $500 million in revenue with Red Oak, a city expecting just over four minutes of darkness, preparing for a significant boost; the Red Oak Area Chamber of Commerce's President and CEO, Clint Woodward mentioned they are forecasting 8 to 10 times their normal revenue. "It's informing our businesses that this is such a huge, huge event for our community because we are in such a line of the eclipse," Woodward told CBS News. The chamber is advising local businesses to bulk up on staffing, extend inventories, and residents are encouraged to stock up on essentials like groceries and gas in advance to prevent any shortages.

Businesses in towns like Fredericksburg are deploying unique strategies to cope with the influx of visitors, some simplifying their menus to accommodate the crowds, others pondering closure due to anticipated staff shortages caused by traffic snarls, while places like the diner Gravy in Red Oak are getting creative bringing in high school students to assist and planning an "eclipse sandwich" special for the occasion. Indeed, the event could serve as a welcome boon to local economies still bouncing back from the pandemic's setbacks and are looking forward to hosting the hordes of eclipse chasers that are coming to Texas to gaze at the sky.