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Packers post record net income of $48.9 million
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<blockquote data-quote="HardRightEdge" data-source="post: 668851"><p>There is no question in my mind that the taxpayers are funding the stadium district, whether or not this is what Harlan envisioned. Probably not. The initial stages were intended to put the franchise on firmer financial footing.</p><p></p><p>The relationship between the stadium spending and the stadium district is a straight line:</p><p></p><p>stadium expansion/improvements > increased free operating cash flow > stadium district spending </p><p></p><p>I question your thesis regarding high end accommodations (Kohler) and other hospitality venues not cannibalizing spending elsewhere especially during game weeks. This implies deep pocketed consumers who would not previously have attended games because of less than top drawer accommodations will suddenly feel compelled to attend. Maybe Surely some. Maybe Kim and Kanye will fly in for a Rams game and make it a "thing". <img src="/styles/default/xenforo/smilies/wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /> But there are plenty of deep pocketed consumers already attending who will want to upgrade from the lesser and less convenient accommodations they have been using.</p><p></p><p>The net benefit to the community really comes down to attracting more visitors on other than game weeks. Even so, whatever increases to local GDP may accrue, the "trickle down" affect to the community at large may be merely more low paying jobs. Whether that's better than doing nothing in terms of economic development via taxpayer funds I could not say.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 668851"] There is no question in my mind that the taxpayers are funding the stadium district, whether or not this is what Harlan envisioned. Probably not. The initial stages were intended to put the franchise on firmer financial footing. The relationship between the stadium spending and the stadium district is a straight line: stadium expansion/improvements > increased free operating cash flow > stadium district spending I question your thesis regarding high end accommodations (Kohler) and other hospitality venues not cannibalizing spending elsewhere especially during game weeks. This implies deep pocketed consumers who would not previously have attended games because of less than top drawer accommodations will suddenly feel compelled to attend. Maybe Surely some. Maybe Kim and Kanye will fly in for a Rams game and make it a "thing". ;) But there are plenty of deep pocketed consumers already attending who will want to upgrade from the lesser and less convenient accommodations they have been using. The net benefit to the community really comes down to attracting more visitors on other than game weeks. Even so, whatever increases to local GDP may accrue, the "trickle down" affect to the community at large may be merely more low paying jobs. Whether that's better than doing nothing in terms of economic development via taxpayer funds I could not say. [/QUOTE]
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Packers post record net income of $48.9 million
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