Quote:
Originally Posted by Migs
The GreyCup in Toronto in '07 brought in around 150Mil in economic activity to the GTA. When I said hundreds of millions of dollars from the Grey Cup, I was refering to the amount of games we could host over the lifespan of the new stadium.
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Nice cover up!
But still you use the disguise of "economic activity". Economic activity is not a true measure of anything. When have you ever seen a company financial statement that talks about "economic impact" or "economic activity"? The answer is you don't, because these are bs phrases used when someone is trying to sell something that doesn't have a valid business case.
Smoke and mirrors come out, and numbers get magically rounded up, waaaaay way up.
If it were to be measured, what is the actual incremental benefit to a city from an event... and more importantly, what of that amount can actually be directly attributed to the prescence of the $350 million facility?
It seems to be getting ignored that Regina has successfully hosted 2 grey cups with the existing stadium. Clearly a $350 million outlay is not necessary and has zero chance of even breaking even.