But do people go out and spend that much (or any) money after leaving a baseball game where they have already been eating snacks and drinking beverages throughout the game? Many of the games are week nights, and most people have to get home to bed for work the next day.Highlander wrote: ↑Thu Nov 28, 2019 3:26 pm20,000 people coming downtown 81X per year for a baseball game (not to mention other uses of the stadium) and then spending money downtown on food/alcohol would generate a ton of tax revenue. The vast majority of those people now simply go to the TSC from Johnson County (or wherever the are coming from) and return home without any additional money spent. While there are multitudes of sites remaining downtown for mixed used development, the number of sites a baseball stadium could occupy have become rather small.FangKC wrote: ↑Thu Nov 28, 2019 2:27 am...
The other question I'd pose is will this create tax revenue for the City, or another tax hole downtown? It would seem to me that the office/apartment mix would produce more revenue for the City in the long-term, and yes, we do need to be concerned about that too.
And will that spin-off sales tax revenue downtown offset: taxpayer subsidies for building the stadium and parking garages; the loss of year-round property, sales, and income tax revenue from apartments and businesses that could otherwise be built on those parcels?
Will fans automatically assemble to continue the party in a downtown bar or restaurant instead of all returning to their favorite places around the Metro?
Or are you just rearranging the deck chairs as stated below--the same sales tax revenue is collected downtown instead of Westport/Plaza/Waldo bars. No real new net gain to collect Johnson County fan entertainment dollars at the expense of tax revenue from permanent residents and businesses on those land parcels. Not only have you taken almost five city blocks off the tax rolls, what is to be done with Kaufmann Stadium after the Royals depart it? Taxpayers will likely have to pay to demolish it as well. Granted, that would have to happen if we build a new stadium at the Truman Sports Complex. But what happens to the land where Kaufmann was? Nothing. It becomes more parking for Arrowhead Stadium. Valuable downtown parcels that could produce long-term tax revenue are lost for that purpose, and the former stadium site is also non-revenue producing now. Big win for everyone!
Sports Stadiums Are a Bad Deal for Cities
https://www.theatlantic.com/technology/ ... es/576334/Sure, some of the money will stay local, thanks to the new economic activity that a stadium helps generate. That’s most likely if a new cluster of restaurants and sports bars sprouts up in an underused part of town around a new stadium. But even then, the economic impact can be limited. When new “stadium towns” are built, residents tend to spend their money in the new geographical location rather than another one around town.
https://medium.com/concentrated-benefit ... c079f335f3