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« Consolidation | Main | Rebooting the RFP committee »

Mar 04, 2011

Comments

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Tony Wilkins

Very interesting thoughts about the hotel/motel and sales tax Ed. I plan to bring this up at the next WMC meeting. We may have to bring in our friend Dave Ribar for precise analysis.

Ed Cone

Thanks, Tony. I believe that other measures of value are relevant, but these are harder numbers.

Also, one of the City budget pages linked above shows that room tax revenue already goes to the Coliseum in some form, so any application of that revenue stream to operating results would have to make sure to avoid possible double counting.

gh

"Can anyone calculate the direct economic impact of the GSO Coliseum in terms of revenue from the hotel/motel tax and sales tax?"

$25 Billion.

Fred Gregory

Two cents ?

Ed Cone

My guess is that the actual number lies between the estimates provided by Fred and gh.

To be more precise, it should be closer to (but considerably larger than) Fred's number, and much less than the Coliseum's operating deficit.

Is merchandise sold inside the Coliseum complex taxable?

Andrew Brod

Can anyone calculate the direct economic impact of the GSO Coliseum in terms of revenue from the hotel/motel tax and sales tax?

Ribar could certainly do it. So could Jud. Or me. There are various ways to zero in on the effect on city- and county-government coffers.

There are different ways to do economic impact, and one distinction is gross vs. net. The net approach probably makes the most sense for something like this does, and it does indeed focus on spending by out-of-town visitors. (Unless one can show that the amenity also induces greater spending by in-town folks.)

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