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10-13-2010, 09:17 AM
OthmarAmmann's Avatar
Join Date: Jul 2010
Location: NYC
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Originally Posted by Killion View Post
I thought then & think now that IEH's projections on parking revenues were wildly optimistic so I wont even bother addressing it short of saying it would have to be instituted slowly & gradually in terms of price. As for the private businesses "voluntary participation" in the CFD, ya, it'd have to be a sales tax, but no, not just on event dates, all year long. I dont quite follow your reasoning that jobing would be a less attractive a destination if implemented. Parking & luxury taxes are the norm in dozens of markets throughout the US. Dont get me wrong, Im' no advocate for immediate $20 parking or 10% surcharges & taxes. It would have to be done slowly. Thus far, Ellman & the merchants are not included in the CFD, likely awaiting the disposition of a sale before moving forward.
I had meant that the parking fees and ticket surcharges would make it relatively less attractive compared to competing venues in the Phoenix metro area. At least, less attractive than it is now, all else equal.

Originally Posted by Killion View Post
Im guessing he got it from the upcoming (Nov) hearing before Baum. Isnt the COG seeking $200M from Moyes Estate, Moyes countering with $5M?.
This is correct. This amount would likely be sufficient to fund their future debt service. Of course, it might be more fun for the city to blow it on some ill conceived project or some perks.

Last edited by OthmarAmmann: 10-13-2010 at 09:47 AM.
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