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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.
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.
Re:Taxpayers paying billions for the renovations and constru... by rubiquity on Saturday December 24, 2022 @11:54PM (#34124401)
You presume that money couldn’t be spent elsewhere or even gasp saved away for a rainy day or paying down a debt early.
Re:Taxpayers paying billions for the renovations and constru... by tshaddox on Sunday December 25, 2022 @12:47AM (#34124700)
Should each township build and operate its own cinema as well?