According to the Belfast Telegraph the Tall Ships will blow £10m into the sails of Belfast's economy. Hartlepool are Estimating £50 Million? Time to check the sums maybe?
The full article in Tuesdays Belfast Telegraph reads.......
The maritime boost will be enough to create an additional 550 jobs in the tourist industry, Naomi Long added.
Hundreds of thousands of visitors are set to descend on Belfast to see the 40 sailing ships on their four-day visit to Northern Ireland.
The festival, which begins on Thursday when the vessels sail up Belfast Lough, is set to be one of the largest public spectacles ever staged in the region.
"This will be the biggest event that Belfast has ever hosted and the single biggest event on this island this year," said Mayor Long.
"We will have visitors from all over the world and they will enjoy the warmth and hospitality for which Belfast people are renowned."
The Tall Ships are calling into Belfast as part of their race across the Atlantic and back, which is staged every eight to 10 years.
They left Halifax, Nova Scotia last month as part of a loop which began in Vigo in Spain and took in Tenerife, Bermuda and Charleston and Boston in the US.
The last race was in 2000 and the last occasion the ships arrived in Belfast was in 1991.
"No-one could have foreseen the dramatic improvements in our city in the intervening years since 1991 and I am delighted that we have managed to retain what was best about our city and marry it with the new, to make Belfast an exciting happening place," said Mrs Long.
Belfast City Council is the biggest single funder of the event, contributing £1.1 million towards the total cost of £2.4 million.
Other funding has been provided by Belfast Harbour Commissioners, Northern Ireland Tourist Board, the Stormont's Department of Culture, Arts and Leisure and the Department of Social Development.
The Lord Mayor added: "The council has taken the decision to invest heavily in the event because we are aware of the benefits the Tall Ships can bring in terms of revenue. I confidently believe that the city's economy will be boosted to the tune of £10 million.
"Hundreds of thousands of people will visit the city during the four days. Many will be staying over in our hotels and guest houses, eating in the restaurants and I am sure many will take the opportunity to shop in the city when they are here."
The festival will run until Sunday and consists of a range of free activities and entertainment, including fireworks, continental markets, funfairs and concerts, all based around the docks area of the city.