Mayor: 'Made in America' made $10 million for Philadelphia

Jay-Z performs at the "Made In America" music festival on Saturday, Sept. 1, 2012, in Philadelphia, PA. (Photo by Charles Sykes/Invision/AP)

September 19, 2012 4:05:35 PM PDT
Mayor Michael Nutter Wednesday declared the Budweiser Made in America Festival a huge economic success for Philadelphia.

A preliminary study estimated that the Labor Day weekend music fest generated $10 million for the city.

Nutter also announced that the event did not cost taxpayers a dime.

That's because festival promoters, including rap star Jay-Z, paid more than $500,000 to cover all municipal costs.

The music festival featured more than two dozen acts performing across three stages, including Pearl Jam, Run DMC, Odd Future, and Dirty Projectors.