BikesBelong recently completed a study that shows cycling events in Colorado like The Buff Classic or Raisin Hope, generate over 200 million is revenue to charities nation wide and a study by CDOT in 2000 shows 2.2 million in Colorado alone. This study proves just how important financially these events are to communities however the Colorado State Patrol has been attempting to shutdown/limit biking events on Colorado roads and with local communities possibly looking to do the same as tensions with cyclist are strained, and there is a perception that there are already too many of these types of events on Colorado roads... but what is too many?
This report is very detailed and in depth and is best used as firepower with lawmakers.
"A new study by U.S. bicycle advocacy group Bikes Belong found that more than 1 million Americans participated in recreational road ride events in 2008. The total revenue from these approximately 1,700 events topped $240 million, with riders spending nearly $140 million on food, lodging, and other purchases. Nearly two-thirds of the 2008 rides were tied to causes big and small. The average ride raised nearly $12,000 for charity, with some of the bigger rides bringing in tens of millions of dollars. In 2008, nearly $200 million total was raised through these rides. These results show that recreational rides are important to the communities that host them, the causes they support, and the bike industry nationwide."