Re:Taxpayers paying billions for the renovations and constru...
by lakeshastina on Saturday December 24, 2022 @11:45PM
(#34124351)
Would the business case not be - commerce generated during sporting events, multiple businesses nearby the stadium benefiting from increased foot traffic, and so on? Projected over a 10-20 year horizon, the city would likely make back its money and then some, while increasing income for businesses in the vicinity.
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Re:Taxpayers paying billions for the renovations and constru...
by jdminhbg on Saturday December 24, 2022 @11:59PM
(#34124438)
This is the frequently-cited theory, but most realistic studies show that it doesn’t really work out that way. I think the reasonable justification is more that having a team is an intangible good for the city, like a museum or a library, where you can’t measure the value in dollars.