Festival was huge moneymaker for Memphis

(WMC-TV) - Memphis in May 2011 is being considered a huge financial success for the Bluff City.

A new report shows this year's events generated an economic impact of more than $76 million and supported 939 jobs.

The study by numerous business and economic research firms also found the estimated impact on city government revenues to be more than $27 million.

More than 120,000 people, many from more than 50 miles outside the city, attended the Memphis in May festivities.