Quote:
Originally Posted by Cleveland Steam Whistle
Forgive my ignorance, but what do hotels have to do with anything?
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I assumed he was talking about loss leader in the sense that somewhere else the city recouped some money as a result of building an arena. If it is a loss leader in the sense that you just lose money and do not recoup anything then hotels and development have nothing to do with it. Not sure how else the City recoups money outside of tax revenue coming in from a different source.