Quote:
Originally Posted by osmo
Your entertainment money is capped, you are spending the same dollars on entertainment as you normally would. How man people are bleeding themselves into debt for dinner and shows just because of a new arena?
The new car smell is still fresh but once things settle in routines will be had just as usual. You will spend your typical amounts for tickets, food, entertainment as normal. This isn't to say that Rogers Arena vicinity facilities won't do well, but this is just a shift from other various options folks were entertaining at before.
This is what the studies illustrate as new arena don't create any new demand. This isn't like a sun belt facility that is bringing in new events like Final Four, Super Bowls, NCAA FCS, etc that would be a net gain to the tourism and entertainment scene. The same typically events are still taking place in Edmonton. Edmonton isn't different. This model has been tried in countless cities with the same result.
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I have no background in economics so won't argue with those with the background, but I can't find myself agreeing with the bolded?
I can get the concept that, for example, my household had $500 to spend per month on entertainment, a new arena doesn't change that.
But I'm suggesting that I was only spending $200 of that prior to Rogers Place, and now it may be closer to $400 and centralized around the Arena... doesn't that register as a positive impact as a result of the new Arena?