Boston Marathon expected to pump money into local economy

Runners approach the finish line of the Boston Marathon, a midpoint of a 5K race, on Boston Marathon weekend, Saturday, April 19, 2014 in Boston. The 118th Boston Marathon is scheduled to run on Patriots Day, Monday, April 21. (AP Photo/Charles Krupa)

BOSTON, Mass. (WPRI) The running of the 119th Boston Marathon is expected to bring in an estimated $181.9 million to the Greater Boston region next week.

The marathon will be held Monday, April 20, Patriot’s Day, also known as Marathon Monday.

It is the world’s oldest consecutively run marathon.

According to the Boston Athletic Association, the 2014 marathon brought in $176.8 million.

“After a very difficult winter for Boston’s visitor economy we are all looking forward to this year’s Boston Marathon and the remarkable spending impacts this historic event brings to our community,” said Patrick Moscaritolo, President & CEO of the Greater Boston Convention & Visitors Bureau.

30,000 participants are expected to take part in this year’s marathon including 5,400 from 86 countries outside the U.S.

The spending impact will be generated from participants and their guests, charity fundraising, spectators and visitors, media, and the Boston Athletic Association.

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