Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, June 10, 2008

Same-sex marriage good for the economy

Money5Yesterday on this blog, I discussed how 12,000 New York same-sex couples are anticipated to head to California to marry where same-sex marriage will be allowed starting June 17, 2008.

According to William M. Welch, Business will reap benefits, USA Today, June 9, 2008, at 3A:

Many California businesses see dollar signs in gay nuptials. * * *

Among the cities readying to cash in is West Hollywood, whose Santa Monica Boulevard is a hub of gay life in the Los Angeles area. San Francisco and Palm Springs, both with substantial gay communities, are also taking steps to cater to the expanded opportunities.

West Hollywood's visitors bureau has placed ads in national gay magazines declaring "West Hollywood is THE place for weddings and honeymoons." * * *

A study prepared by two UCLA law and economics professors, to be released this month, estimates the state's wedding- and tourism-related businesses will see an increase of $683.6 million in direct spending over the next three years by same-sex couples.

Brad Sears, a law professor and one of the authors, said there are more than 102,000 same-sex couples in California. In addition, they estimate more than 67,000 same-sex couples will travel to California to marry.

https://lawprofessors.typepad.com/trusts_estates_prof/2008/06/same-sex-marria.html

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