Quote:
Originally Posted by You Need a Thneed
How is what you described any kind of win for the city? It sounds like a massive loss to me.
Essentially they are paying for half an arena, and benefiting very little from it.
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The City will not participate in such a fashion if their numbers indicates massive losses. The city will benefit from the CRL (community revitalizaion levy) which is projected (depending which group is doing the numbers) to be worst case=45 million per year and best case= 80-100 million/ yr or approx. 1.6 billion over 20 yrs of tax revenues. The City's goal of trying to revitalize downtown for decades may finally be answered with the arena district which the councillors are hoping it will be a success. This will decrease urban sprawl which costs the city billions to finance the infrastuctures. The arena district will attract tourists and businesses to the downtown area. It is not a loss.