blatant lies?
Code:
Summary of Economic Impact Estimates
Net New Visitor Expenditures $409,369,075
Indirect Benefits from Visitor Expenditures $286,558,353
Subtotal: Visitor Impacts $695,927,428
Net New Local Operating Expenditures by OCOG $1,970,526,427
Net New Local Infrastructure Expenditures, Non-OCOG $788,850,000
Assumed Costs to City for Revenue Shortfalls, Non-financed Projects $(500,000,000)
Assumed Opportunity Costs $(52,590,000)
Indirect Benefits from Operating and Infrastructure Expenditures $1,544,750,499
Subtotal: Operating and Infrastructure Impacts $3,751,536,926
Total Likely Economic Impact $4,447,464,354
Looks like a bunch of taxpayer expenditures, and a bunch of revenues going to private parties.
These two items in particular are interesting:
Code:
Net New Local Operating Expenditures by OCOG $1,970,526,427
Net New Local Infrastructure Expenditures, Non-OCOG $788,850,000
These numbers should be in parentheses IMO.
cliffnotes: corporate welfare 101.