Indianapolis to Host 2012 Superbowl!

[C91]

It is a good thing...........why are people trying to turn this into something bad?  it is foolish to think that we would be better somehow if we did NOT have a football team here or get the superbowl

I'm not saying it's something bad.  It brings the city lots of international attention.  However the "positive economic impact" theory has been debunked time and time again.  Cities that host the Super Bowl actually lose money on the deal.

[Henry Hawk]

It is a good thing...........why are people trying to turn this into something bad?  it is foolish to think that we would be better somehow if we did NOT have a football team here or get the superbowl

I'm not saying it's something bad.  It brings the city lots of international attention.  However the "positive economic impact" theory has been debunked time and time again.  Cities that host the Super Bowl actually lose money on the deal.

not calling you a liar.........i would NEVER do that C..........but, can you supply some evidence on how..............cities actualy LOSE money?..............

I also, look at it...............if we NEVER did get a super bowl............are we going to be better off?..........better off NOT building MORE business?........better off not hiring MORE employees?................better off NOT building a bigger employee tax base to grow the city revenue?.............I don't get it at all...........

to me it is simple mathematics.

[C91]

not calling you a liar.........i would NEVER do that C..........but, can you supply some evidence on how..............cities actualy LOSE money?..............

No problem.  To make it easy, scroll to Table 4.

Notice how the 2001 Super Bowl contributed an estimated windfall of -$1.7 million to the City of Tampa's coffers.

[Henry Hawk]

not calling you a liar.........i would NEVER do that C..........but, can you supply some evidence on how..............cities actualy LOSE money?..............

No problem.  To make it easy, scroll to Table 4.

Notice how the 2001 Super Bowl contributed an estimated windfall of -$1.7 million to the City of Tampa's coffers.

I'm in agreement that the Super Bowl alone may not pay off as much..............but, the impact of getting a super bowl has a bigger role.........like making Indy more likely to host MORE conferences and events..........the money generated through the business generated in order to host a SB..........the state revenue has GOT to increase............more employees..........more revenue................more business tax generated............our company alone will hire approx....300 more skilled employees..............for approx...3 years.......

I guess I don't see how we prosper more by not getting it that if we do.................that means NO skilled employees.........no state revenue generated.........

[me]

Its all in the creative bookwork.  They project to make X amount of dollars but if they don't, even though they are in the black, it is considered a shortfall and the nay sayer's say money was lost.  Kind of like the auto manufactures do it.   

[C91]

................more business tax generated............

Wanna bet?  Let's take a look at Tampa again.

The best indicator of revenue generation is sales tax collection.  Notice that while Tampa did see a slight increase in sales tax generation for the 2001 Super Bowl, it was really a drop in the bucket compared to the years preceding and following the game.  In fact, if you look at the prior two Super Bowls the city hosted, sales tax collection actually decreased during the month of the Super Bowl.

[me]

................more business tax generated............

Wanna bet?  Let's take a look at Tampa again.

The best indicator of revenue generation is sales tax collection.  Notice that while Tampa did see a slight increase in sales tax generation for the 2001 Super Bowl, it was really a drop in the bucket compared to the years preceding and following the game.  In fact, if you look at the prior two Super Bowls the city hosted, sales tax collection actually decreased during the month of the Super Bowl.

I don't see how thats possible since there would be more people buying more things.  That don't even make sense if you think about it.

[C91]

I don't see how thats possible since there would be more people buying more things.  That don't even make sense if you think about it.

Well, perhaps more people weren't buying things.  Makes sense to me.

[me]

I don't see how thats possible since there would be more people buying more things.  That don't even make sense if you think about it.

Well, perhaps more people weren't buying things.  Makes sense to me.

Locals would still need their normal things and there would be tons of out of towner's who would be purchasing food, souvenirs, gas, motel rooms, and various odds and ends of items so how do you figure there would be less tax's collected?  Yes, some of the souvenirs would come from out of town suppliers but they would still have to pay local tax's on them. 

[C91]

Locals would still need their normal things and there would be tons of out of towner's who would be purchasing food, souvenirs, gas, motel rooms, and various odds and ends of items so how do you figure there would be less tax's collected?  Yes, some of the souvenirs would come from out of town suppliers but they would still have to pay local tax's on them. 

Keep in mind this is in Tampa.  People are booking hotel rooms and buying souvenirs there all year round.  It doesn't surprise me that sales tax declined.  Most of the people who attend the Super Bowl are corporate bigshots who don't buy souvenirs.

[me]

Locals would still need their normal things and there would be tons of out of towner's who would be purchasing food, souvenirs, gas, motel rooms, and various odds and ends of items so how do you figure there would be less tax's collected?  Yes, some of the souvenirs would come from out of town suppliers but they would still have to pay local tax's on them. 

Keep in mind this is in Tampa.  People are booking hotel rooms and buying souvenirs there all year round.  It doesn't surprise me that sales tax declined.  Most of the people who attend the Super Bowl are corporate bigshots who don't buy souvenirs.

But then there are the camera crews, news casters, sound men, entertainers, photographers, and all of the other people involved.  Call me hard headed or whatever but I still can't see how they could lose sales tax revenue with those kinds of extra numbers in people.

[C91]

But then there are the camera crews, news casters, sound men, entertainers, photographers, and all of the other people involved.  Call me hard headed or whatever but I still can't see how they could lose sales tax revenue with those kinds of extra numbers in people.

They're staying in hotel rooms that would have been booked anyway.  Eating in restaurants that would have been eaten in anyway.  (If they aren't eating the free meals in the media room.)  Tipping strippers that would have been tipped anyway.  And the souvenirs?  All the people you mentioned get a sh*tload of freebies in the hospitality and media rooms.  No need for them to even open their wallets.

[me]

But then there are the camera crews, news casters, sound men, entertainers, photographers, and all of the other people involved.  Call me hard headed or whatever but I still can't see how they could lose sales tax revenue with those kinds of extra numbers in people.

They're staying in hotel rooms that would have been booked anyway.  Eating in restaurants that would have been eaten in anyway.  (If they aren't eating the free meals in the media room.)  Tipping strippers that would have been tipped anyway.  And the souvenirs?  All the people you mentioned get a sh*tload of freebies in the hospitality and media rooms.  No need for them to even open their wallets.

Guess you got me there, I didn't think about that part of it.  But when you're talking about a city like Indy its a different story because these are motel rooms that might not otherwise be booked and right on down the line.  Also a lot of locals would be likely to purchase souvenirs because it is not an everyday occurrence to have events like that here.  Plus, Like Henry said, the notoriety could mean a lot because of the possibility of attracting other events which might not be as costly otherwise, security and the likes, and give a better return for the money which would even it out.

[Henry Hawk]

................more business tax generated............

Wanna bet?  Let's take a look at Tampa again.

The best indicator of revenue generation is sales tax collection.  Notice that while Tampa did see a slight increase in sales tax generation for the 2001 Super Bowl, it was really a drop in the bucket compared to the years preceding and following the game.  In fact, if you look at the prior two Super Bowls the city hosted, sales tax collection actually decreased during the month of the Super Bowl.

AGAIN...I'm not just talking about the super bowl itself...........I'm talking about the taxes collected for the next 3 to 4 years, because of the increased workforce it takes to prepare the city FOR the SB...........who gives a flip about the month of the SB...........it is the before and after that, imo..........will be the money maker...............the SB itself is okay..........but the ramifications FROM the SB are the gold mine...

[C91]

I'm talking about the taxes collected for the next 3 to 4 years, because of the increased workforce it takes to prepare the city FOR the SB.....

What more workforce is needed?  Once the stadium is finished, what else is there to prepare?  It may take a month to put up all the banners and streamers along Meridian Street, but gimme a break.  Oh, there will be a lot more hookers in town, but I don't think they're on the tax roll.