Read the following text and answer the question.
Birmingham Festival praised in report
Birmingham Festival 23 had a positive economic and cultural impact on the city, according to a new report.
The free, nine-day outdoor event this summer saw a footfall of 123,500, the Birmingham City Council document found.
The festival in Centenary Park was made up of 153 projects and performances from more than 800 artists. It was created to mark the first anniversary of the city hosting the Commonwealth Games.
About 80% of attendees agreed with the statement the event made them feel proud of their local area, the report said.
Most people who visited - 85% - were from Birmingham and the surrounding West Midlands.
Available at: https://www.bbc.com/news/articles/c3g23892drlo.
In the text, it is mentioned that the festival "had a positive economic and cultural impact on the city". Therefore, it is correct to say that
