Quote:
Originally Posted by Loyal and True
There should be private money and public money.
What about convention centres in Canada? Every big city has them and spends lots of money on them. Are these privately owned and operated? Or are they owned by governments and crown corps? Do they make lots of money for shareholders? How much would private investors spend to build one? Is there a benefit to the city?
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I can't speak to any of the ownership questions, but busy convention centres are hugely beneficial to a city. I am part of a professional society that holds an annual meeting that is attended by 10,000 people from all over the world. That is four or five days' worth of accommodation, food and beverage revenue multiplied by 10,000 as well as a small added boost to local tourism, and that is for but ONE weekend. The revenue that a local sports team might generate is paltry compared to this.