Quote:
Originally Posted by PeteMoss
This may be true. But all that happens is businesses near the new building thrive and the businesses near the old arena flounder.
You're just moving the money from one business to another, no new money is generated.
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I understand that but my assumption is that if the two parties could ever make a decision, the new area would become an entertainment district and businesses would identify that as a destination to move to or expand to and reap the benefits of an area that they would determine a large portion of their target audience will frequent. Not just another location for an arena because it fits. The current location surrounded by the grounds will never have this potential. The location will be different no matter what and some businesses will see a decline but if it's developed properly more businesses will succeed than not and provide a positive influence on the economy. I find it hard to compare with other cities because each has their own unique circumstances that affect the cost, impact and potential success.