Report: Riverwalk worth $3.1 billion to the city of San Antonio

Report: Riverwalk worth $3.1 billion to the city of San Antonio

Report: Riverwalk worth $3.1 billion to the city of San Antonio

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by Jeremy Baker / KENS 5

KENS 5

Posted on May 11, 2014 at 2:10 PM

SAN ANTONIO -- According to a report recently released by the Henry B. Gonzalez Convention Center and the Visitors Bureau, the Riverwalk brings in a total of $3.1 billion to the San Antonio economy.

"The growth that we've seen in new housing, apartments, restaurants, all types of amenities for locals along that stretch of the Museum Reach, as well as visitors," said Steven Schauer of the San Antonio River Authority.

That growth is showing no sign of slowing down at the Pearl.

La Gloria General Manager, Francisco Mannechez, said, "There's a hotel coming. There is a lot of living space. More shops are coming over here. So, it's a big explosion in this area."

In September 2007, the area near the Pearl Brewery was largely undeveloped. A year later, the Museum Reach project got underway and was wrapped up by 2009.

Now, the lush greenery and picturesque scenery is perfect for a run, a walk, to eat near, and even to take wedding photos in front of. 

Out of the 11 million people who descend on the Riverwalk annually, about one-fifth are from Bexar County, according to the river authority.

"Those local visitors who come to the Riverwalk are coming more than once a year, so they are coming on multiple visits," said Schauer. "And we really think that supports why we expanded the Riverwalk north of the Museum Reach portion, and down south of downtown, on the Mission Reach portion."

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