Quote:
Originally Posted by Enoch Root
they actually talked about tax revenues - there are tax revenues.
No it's not, you misunderstood my post.
What I said was: there are tax revenues (we know this). What we can't know is whether or not they are new. However, unless someone can actually demonstrate that they have transferred from somewhere else, the simple, and reasonable assumption is that they are new.
This isn't that hard.
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Why is it a reasonable assumption that it's new? If someone (like Stantec) moves their office to this new area, it's not new revenue, it's transferred revenue.
The reasonable assumption is actually that it's just relocation since there's nothing about a new arena that creates net new lease requirements, business startup or disposable income.
I don't have more money to spend because there's a new arena. If I spend it in the arena district, all it means is that I just didn't spend it at some place else where I would have gone. I don't start taking out loans to spend more because there's a new place to go now.