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SF Giants World Series parade affects city's economy and school attendance (Photos)

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November 6, 2012

It’s been a little over a week since the San Francisco Giants won the 2012 World Series and the team’s fans are still buzzing over the win and the parade that soon followed.

The celebratory parade that took place on Halloween had an estimated one million attendees. San Francisco school reported lowered attendance rates on that Wednesday—rates even dropping 20 percent in high schools. The San Francisco Chronicle reports that approximately 4,100 students were absent from school, resulting in a loss of $158,935 of funding from the state.

The San Francisco Examiner reports that the Giants paid $1 million for the basic setup of the parade, while it cost the city itself $225,000. The mayor’s office said that the cost of the parade was offset by the economic benefits the city received by hosting the World Series games in San Francisco. The city’s chief economist estimated that somewhere between $18 million and $40 million was brought into the city from visitor spending.

With the economic impact of the win now being processed, there has not been any major complaints—especially from the team’s fans. There are still mentions of the win, some wishing other fans a “happy one-week” anniversary.

Many have said this type of experience in a “once-in-a-lifetime” event for a fan, but for those who have been following the team for years have now enjoyed a World Series win twice in three years. With the team’s youth and returning players taken into consideration, there’s a good chance fans may get to witness another playoff run and the city may need to plan for another parade.

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