Quote:
Originally Posted by tkflames
Thank you for putting together this post!!
To summarize: from acity nvestment standpoint:
If all of the below expressed in today's dollars is a value greater than 0 then the city is better off then it would have been had it not invested.
$82M from parking revenue
+$231M from net increase in taxes in the area over X years
+ profit generated from 28 public days per year
-delta loss from not operating Rexal
-delta rent of city office space from before vs now
Obviously opportunity cost is excluded here, but while I dont think the city of Edmonton made a great deal, it is not difficult to imagine that with full office towers and soft improvements that the city is better off now than if they had done nothing at all.
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I should add that as you point out the performance on parking revenues is under performing.
I would love to see a performance score card on all public investments 3-5 years after the fact. E.G. expected vs actual cars crossing a bridge, or expected tax revenue vs acual tax revenue on an arena.