Originally Posted by
bombermwc
Hey, if the city could force them to pay for it themselves, they probably would. But that's not going to happen. And that also means the city would lose out on any ability to profit share from any events that would beheld there. Really, the public/private partnership for an investment of that size, is what's best. The arguments come in on who is going to pay what percentage.
Not sure where you say the city gains nothing from it. If the city owns the building, the city gets a cut of everything that happens there. That's a WHOLE LOTTA MONEY. Not to mention all the folks that travel in for events. The age old economics argument of just moving your money around comes in here for OKC residents. If we didn't spend it on Thunder games or concerts, we would have spent it on something else in OKC. But those people that come from out of OKC, that's all new money in the bucket that would not have existed before.
Both groups benefit in the way the agreement was set up. Sally Sue gets that money into the OKC Budget to help pay for the Pothole Patrol, as an example. So Sally Sue actually does benefit from the success of the building.
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