The Abbey: We're Spending a Fortune on Halloween

The Abbey is at the epicenter of the biggest Halloween celebration in the world ... so it makes sense the famous gay bar dropped a fortune to make its party epic.

The owners have dropped $50k on decorations and 3 dozen Go-Go dancers who will be well-serviced by a bank of make-up artists.

The Abbey sits just below Santa Monica Blvd., where 500,000 people are expected to congregate to watch floats and wild costumes.