Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-16-2012, 10:29 AM
Join Date: May 2010
Originally Posted by
New outlet mall opens to huge crowds in Glendale
The Tanger company built its newest outlet mall in Glendale, which happens to have the highest combined city/county/state sales tax of any large city in the country, at 10.3 percent. The new mall is projected to bring in about $2.5 million in sales tax to the cash-strapped City of Glendale each year.
So the CoG is going to collect $2.5M/yr and it didn't cost them $15M/yr to do so. That's how things are suppose to work... More money coming in than going out. Awesome.
They expect about 5 million customers per year, which is about 10-fold higher than the number of Coyotes fans. So, if Westgate plays it right, this should be a real boon for them.
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