2.5 cents over 20 years over 20 years amounts to $75M or $21M more than the stadium and interest costs. The city said for every penny raised the city collects $1.3M to $1.5M - multiple b y 2.5 you get $3.25 to $3.75M. Multiply this number by 20 years you get $65M to $75M. This assumes real estate maintains the same value 20 years from now as it is today.
If real estate values go up over the next 20 years (more than likely will double) the estimated "take" by the city will be over $100M
O'Grady said the funds could be used for OTHER purposes...
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