The Celtic rockers wowed 45,000 fans on Friday and Saturday as they brought the curtain down on their 45-year career in the shadow of Stirling Castle.
The event has generated worldwide attention with a staggering eight per cent of ticket holders travelling from abroad to be in Stirling for Runrig’s farewell.
Hotels across Stirling and Central Scotland were sold out and traders including restaurants, bars and taxi firms reported a welcome boost.
Visit Scotland figures suggest the massive event is worth an estimated £7.25milion to the local economy.
Councillor Farmer believes many more exciting events for Stirling are now in the pipeline following the success of the Runrig concerts.
He said: “The City Park in Stirling has proved itself as a stunning venue and the success of the Runrig concerts has really put us on the map for hosting more events of this scale.
“The concerts have really spiked the interest of promoters across the country and we’ve already had a number of expressions of interest in holding similar events at City Park.
“Our Economic Development, Culture and Tourism team worked hard to make ‘The Last Dance’ for Runrig happen and has already been in talks with major players in the music industry about some other pretty exciting projects.
“The spectacular sight of Runrig saying farewell to 25,000 fans in the shadow of Stirling Castle had the hairs going up on the back of my neck - and we want more of this sort of thing to showcase the best of the City.”
Stirling Council’s Deputy Leader, Councillor Danny Gibson said: “There was a real festival feel around Stirling and it is wonderful news that so many traders have enjoyed a welcome revenue boost.
“Stirling is a city that is well worth making a song and dance about.”
Revellers travelled from as far and wide as Australia, Canada, Germany, New Zealand, Scandinavia and the US to jig at the Runrig gigs.
Stirling Council traffic management officers worked with event organisers LCC Live to minimise the event’s impact on road networks and local communities.
Councillor Gibson added: “It is obviously impossible to have an influx of 45,000 people and have no disruption whatsoever but we hope that any residents adversely affected can appreciate the benefits such an event brings to the city.”