Does the City spend money on anything that gets a good ROI? It's not really their mandate. If you were to do the same analysis on say, all the leisure centres the city owns, I doubt they would come out as a good "investment". I get they're not the same thing as arenas but this metric of whether the city gets all its money back doesn't seem to apply to anything else. And yeah, I get that it will cost a decent amount of money to go to the new arena but it's not like public ventures are free, most of them have some kind of user fee.
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