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While I agree with almost everything here - this section is counter to what I've heard first-hand

"Unfortunately, the contest was not as kind to our local merchants. From most reports, the merchants gained nothing from the crowds, who were mostly concentrated around Quiksilver's surf site and merchandise tent on the beach and the boardwalk."

The LB Chamber of Commerce has been making all sorts of claims about business loses, but hasn't substantiated the numbers with anything. Whereas when I've talked directly to business owners in the area, they said they did very well.

http://www.seabythecity.com/?p=6741

Beyond that, totally agree

From: With Quiksilver Pro N.Y., Long Beach finds its identity

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