Quote:
Originally Posted by Onlydo2days
yeah unless there is a bad recession then I think that the stadium is going to be a cash cow.
UFC has an exclusive deal with the t-mobile arena but not sure when it is up. Maybe they would do a megafight there, boxing as well.
And fwiw, the 750M in public money is from hotel taxes, not the residents. So it probably won't effect consumer behavior or anything much.
this is an economic fallacy
hotel tax = tax on residents
it's a trick to try and obscure funding
economists have looked at this, such taxes mean tourists spend that amount less on lodging, restaurants, shows, shopping, gaming, etc. The locals are paying for this. The costs get spread out in a million tiny cuts to obscure. concentrated gains and "hidden", diffused costs -- one of the oldest politican tricks out there