Big inauguration equals big price tag

With record-breaking crowds on top, President-elect Obama's swearing in means more services and more costs

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Rachel Streitfeld, CNN

Photos
How Obama should fix the economy How Obama should fix the economy How Obama should fix the economy
Real people across the country answer the question: How will Obama affect your wallet? And what do you think the new President and Congress needs to do to right the economy - both in the short run and the long term?

WASHINGTON (CNN) -- When President-elect Barack Obama takes the oath of office next month, the nation's capital will be the site of a massive celebration. But local officials are worried they might get stuck with the check.

Even for a city used to big crowds, Obama's inauguration promises to shatter records for attendance. City officials predict up to 2.5 million people will converge on the capital on January 20, and they are taking unprecedented steps to accommodate the masses. Plans are in the works to open up the National Mall, extend hours for public transportation and - perhaps most daunting - provide parking for the influx of revelers.

"Even though we're very practiced at inaugurations and large events, this is one that will rewrite the book on inaugurations," said Rep. Eleanor Holmes Norton, D-D.C., who has requested an additional $15 million from Congress to help the city cover costs. That would double the $15 million Congress has already allocated to pay for all national events and demonstrations in Washington during 2009.

Mayor Adrian Fenty agreed that costs for increased security and crowd control would dwarf the original allocation. And for a city facing a budget shortfall and the same economic downturn affecting the rest of the country, now is not the time to rack up debt, Fenty told CNN.

"We are in talks with the federal government as we sit here today to let them know - I think they already know that that's not enough," he said, referring to the initial $15 million allocation. "Now the question is if you want to make sure that you cross every 't' and dot every 'i', it does look like it's going to be significantly more than that."

Fenty predicted costs for the city would near $50 million, the same amount Congress provided to both Denver, Colo., and St. Paul, Minn., to host the Republican and Democratic conventions earlier this year.

Record-breaking numbers of people, he said, mean more services: "More buses, more federal cooperation, more emergency medical service workers, more police officers needed, more hotel rooms needed, more streets that are going to have to be closed, more water in case it's hot and more places to stay if it gets particularly cold and people need some type of hypothermia relief."

The city will double its 4,100-member police force by calling in officers from other districts and is working with local transportation officials on how to move people downtown to watch the festivities.

It's not all bad news. With the crowds comes an uptick in tourism, city officials said. Bars will be open until 4 a.m. to accommodate revelers and hotels in the area are selling at two or three times the normal rates. Washington residents are embracing the news by flooding the Craig's List Web site with offers to rent their homes and apartments to out-of-towners.

"There'll be plenty of people coming, using our grocery stores, restaurants, movie theatres, hotels; spending money, enjoying themselves," Fenty said. "And when they see how great a city this is, if they didn't already know, they certainly will return."

Inaugural planners say interest in the inaugural celebrations has been enthusiastic and nonstop. Presidential Inaugural Committee spokeswoman Linda Douglass said 35,000 people have already registered to volunteer.

"We know there's a lot of energy here and we want to do everything we can to accommodate that," Douglass said. "We've been told there is going to be a very big crowd coming, and we are working with the city and the federal officials to do everything we can to make sure they can get here, that they'll be safe, that they'll be comfortable and that they'll be able to participate in some way."

For all the tourists who do turn out, Fenty said no matter what the cost, the city will work to charm its visitors.

"We want everyone to have a great time," Fenty said. "We want everybody to enjoy the nation's capital, and come bring your friends, bring your family and then hopefully just be a part of history." To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Sponsors

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.