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Details on new practice facility, and other stadium upgrades

#52

Quote:And apparently the City agrees with you. I base this on the following statement:

 

<p style="margin-left:40px;">"...

<p style="margin-left:40px;">Annual payback would come through part of the city’s 6 percent bed tax. Of that, 2 percent goes toward the last round of improvements that included the field’s scoreboards. But Mousa said there is capacity in that funding source to accommodate these improvements.


<p style="margin-left:40px;">..."

 

This tells me that the actual residents of the city will not 'see' the impact of the funding and that other sources of income for the city can be used to support those things you describe. Besides, while all of those things are important for the maintenance and development of the city, none of them make money for the city. This is something that the city and it's people can use to make money and fund other, important items.
 

Are you sure. I thought most events and such that require these type of structures end up being effectively cash flow neutral. 

 

I mean haven't there been numerous studies about sports teams not actually increasing city GDP, and how recent Super Bowls and events losing money for cities that had to create infrastructure for them, as in they did not end up in the constant rotation.

 

I'm not saying we should not look to improve the city and infrastructure, but I'm not certain this produces the most bang for the buck.

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Details on new practice facility, and other stadium upgrades - by rpr52121 - 11-05-2015, 05:14 PM



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