Quote:
Originally Posted by GGG
Remember that Arenas don’t really create new economic activity they move economic activity within a city. So if the goal is to revitalize an area to create a vibrant area it can do that if done very carefully.
The argument that this increases the tax rates of someone doesn’t really
Work as that tax base would generally be somewhere else in the city. Even if people start looking a marginal benefits of the few extra concerts it doesn’t offset the city investment.
Like the deal because you feel having the opportunity to go to flames games and concerts and the spirit the flames game brings to the city is worth some nominal amount of money which is meaningless to you overall level of taxation.
Don’t try to justify with the economics.
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Is that still true when a city is growing 2-3% a year?