Quote:
Originally Posted by GirlySports
It's basically what the Flames proposed, just all in one shot.
This is how the Indy deal breaks down.
Is that unreasonable to revitalize an entire downtown?
Another deal to look at is Minnesota's new stadium costing 1.1 billion which is around 55 Vikings/45 Taxpayers and Tourism for reference.
http://www.vikings.com/stadium/new-stadium/faq.html
edit: an older example is the Shark Tank in the 90s. Cost 160 million, 130 from the city and 30 from the team.
Before the San Jose Sharks came to town, downtown San Jose was a ghost town in the evening. But, the arena became the anchor and hub that regularly drew in thousands of people for games and concerts, drawing in lots of new restaurants, bars and other development downtown. I think this was one case where the use of public money for an arena led to significant public benefit. |
Exactly, and I think CalgaryNEXT is one of the grossest proposals I have seen.
Im saying there is an opportunity cost to spending. Indiana could have revitalized the downtown in several different ways than simply building a private stadium for the Colts.
The Sharks scenario is interesting because it lends credence to the idea that revitalization is led by the people and spending power in the city, not on the construction of a fancy new rink. I wonder what has happened in San Jose since early 90's???