The incredible fleet of tall ships have created quite the buzz over the last few days in Buffalo. Sunday is the last chance to see them for another three years, but their impact on the waterfront will last much longer than that.

Event organizer Mike Vogt says they will have an economic impact of $6 to $8 million, helping to sustain tourism jobs in the area for the next few years. These ships are just one of the signs the waterfront is becoming a destination for visitors and locals alike.

Pam Lent with Empire State Development says the creation of Canalside has resulted in over $300 million in recent or soon to be implemented public and private projects.

With many projects breaking ground soon, the chairman of the Erie Canal Development corporation, Robert Goiia, believes it's an exciting time for Buffalo.

"It will provide opportunity for thousands of people to come down that probably wouldn't,” Robert Gioia said. “It puts Buffalo on the map of places to visit throughout the Northeast, and create even more economic impact for our community — especially with this concentration this weekend."

Gioia also believes when the tall ships come back around in three years, the waterfront will look even more different and be even more popular than it is now.