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December 5, 2006
Arena economic benefits? ESDC ignores countervailing evidence
Atlantic Yards Report
The Environmental Impact Statement addresses the vagaries of the economic benefit of Bruce Ratner's Frank Gehry-designed arena in this brilliant statement:
If there were fewer events and lower attendance at the arena, fiscal benefits associated with the arena (sales tax on tickets, parking, and concessions) would be lower than those reported in the EIS. If the number of events and attendees were higher, the fiscal benefits would be higher.
But where did the Empire State Development Corporation get the number estimating the number of events at the new Nets arena, a whopping 224 per year? As usual, Norman Oder of Atlantic Yards Report has the answer.
Posted by lumi at December 5, 2006 6:41 AM