City buys the land and builds the stadium
The private developer puts say, a 155 room high class hotel on the site.
Which is more beneficial for economic development?
All hotel guest are over nighters
All would be out of towners
All would generate room taxes, meal taxes and sales taxes
The hotel would operate 365 days per year versus 70 days per year
The hotel corp would pay property taxes.
The pro baseball folks are not doing effective cost revenue analysis for any other business that might want to build on that property. What if it could be used in a better way?
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