MONTEREY COUNTY, Calif -

Classic Porsches, BMWs and Corvettes, just to name a few, were all racing Sunday at Laguna Seca during the beginning stages of Car Week, but beyond the cars, the events are expected to generate at least $53.5 for the local economy.

“It’s just amazing to see all of these cars here,” said car fan Otto Villa.

Calling Villa a car fanatic would certainly be an understatement.

“I took the week off from work,” said Villa. “I’ll be here just watching every single event.”

It is spectators like Villa that help generate some big bucks for the local economy.

“In the one week alone we are seeing 53 and half million dollars generated,” said Blount.

According to a 2014 car week survey, the events attracts 85,000 people to Monterey County, visitors spend $53.5 million locally and that generates $4.8 million in tax dollars.

“Those tax dollars are what feed are government services, those are what pave our roads and provide services that we need as residents,” said Tammy Blount with the Monterey County Convention and Visitors Bureau.

When visitor spending generates more tax dollars that in turn helps lower what locals pay.

“The more that our visitors leave behind for us the less we have to pay in local taxes,” said Blount.

Will the raging Soberanes Fire keep visitors away this year?

“People will come, without question, and we want them to know they can enjoy the area in a very safe way,” said Blount.

Back at Laguna Seca, nothing is going to stop Villa from enjoying the week.

“It’s amazing, it’s like no other thing in the world,” said Villa.

You can find a whole list of events at seemonterey.org.