Quote:
Originally Posted by DeluxeMoustache
Great. Since you know, tell me how “it” works
Show me the details on the stadium built with the ROI disclosure you seem to think is necessary
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You can Google ROI, or use common sense to figure out that reputable businesses and investors do not calculate ROI by just assuming a bunch of numbers and then taking a guess.
But I’m not the one who brought up ROI, you did. I don’t need to see an ROI disclosure, never asked for one, and I’m hoping you worded that incorrectly because I think we should both know that it’s impossible to present an ROI disclosure on a built stadium when they haven’t even signed an official agreement, let alone broken ground.
My comment was about economic benefit. People, like yourself, keep espousing “obvious” economic benefits. So I’m asking you to show some economic benefit that justifies the cost or justifies this project over other, more important projects that could be developed. Evidence from any arena project will do, there are lots out there.
I don’t believe there is. You do. So I’m just asking you to show me. I don’t care about made up numbers and guesses because that’s an objectively terrible way to justify almost $1b. Just actual evidence of projects like this living up to big claims being made about it.
Not everything has to have an economic benefit. Not everything has to bring a financial return on the investment. Nobody believes that. It’s truly OK a major project doesn’t. But don’t just make one up and use that as the justification. Be OK with saying that the benefits are “intangibles” or whatever, or that you just want it because it’s cool. You don’t have to pretend to be an economist to justify enjoying a new billion dollar arena.