View Single Post
Old
12-04-2012, 04:38 PM
  #30
The Zetterberg Era
Nyquist Explosion!
 
The Zetterberg Era's Avatar
 
Join Date: Nov 2011
Location: Ft. Myers, FL
Country: United States
Posts: 16,101
vCash: 515
Quote:
Originally Posted by Captain Bob View Post
Who is they? Construction lobbiests? Sports industry lobbiests?

Go to Google and type in: stadiums good for economy
If You Build It, They Might Not Come: The Risky Economics of Sports Stadiums
http://www.theatlantic.com/business/...adiums/260900/

So I want to know how much money they think the TIF is going to raise for a new arena where private investors get all the reward?

I know how TIFs generally work. Let's see the mechanism here before decide this is a good thing for Detroit.
You have to look at this two ways. Joe Louis is not an optimal arena going forward, I won't say it isn't doable but at some point soon they would have to move or do a huge make over. Now keeping the Wings in downtown absolutely means more money. More than likely luring the Pistons downtown is a huge deal. The rumored location is also a dead area that produces nothing. Chances are as waterfront property the Joe Louis area remains a decent investment. It is hard to see how this particular instance this isn't a big deal for the city.

The Zetterberg Era is online now   Reply With Quote