It turns out the giant rubber duck that made it’s debut at the RedPath Waterfront Festival this Canada Day may not have been the absurd waste of taxpayer money that some critics claimed.
A study conducted by Enigma Research shows the economic impact of the festival was a record $7.6 million.
It attracted about 750,000 people – which the Toronto festival says was due in part to the “world’s largest rubber duck.”
The Ontario government created an uproar when it gave the waterfront festival about 120,000 dollars to help bring the six-storey rubber duck to the event.
In total, the duck cost $200,000.