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03-22-2013, 01:30 AM
  #59
Alexdaman
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Join Date: Mar 2012
Location: Montreal, Qc
Country: Canada
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Quote:
Originally Posted by Jee View Post
I don't want public fund touching any of this.
The reason why public funds are used to pay for sporting events is because they will generate as much tax income for the government on a long-term basis.

Just think of the bell center. Let's say each home game totals an average of 5K of tourists for 41 games a year, who spend in average 500$ per person in the duration of their visit to Montreal.

So 5000 x 41 x 500 = 102 500 000

Sale tax in Quebec for the provincial government is 9.975% so out of 102.5M$ it's 10 224 375$ per year. So the Bell centre which costed 270M$ originally to build (368M$ with inflation) 17 years ago, could already have generated more than 180M$ in tax revenue from tourists to the government on hockey games alone.

Yeah those numbers are pretty vague, but it's in my opinion a very good thing to see government $ spent on sporting infrastructure, because not only does the money invested gets reimbursed but because it eventually makes a profit.

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