I understand what you are saying, POGO, IC didn't "need" this subsidy.
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Originally Posted by POGO
And as a taxpayer, I want them to use it wisely. I accept the fact that sometimes redevelopment funds are necessary to jump start development, which will hopefully lead to more tax generation in the form of increased economic activity. The Hyatt was a good example of that. The hotel would not have been built without the City's participation.
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I agree, I want my tax money used wisely as well. In my mind, if there was a real chance of the IC not coming and we should be "stuck" with another 3 star business class / convention hotel that wouldn't generate any new income (instead take away from other 3 star hotels), this is a good investment. That's my take on it. In the end, this hotel (and JDV) in my mind will help both leasure travel in Sacramento, and will probably help bring larger convention bookings as well with the increase in avaible rooms and nicer rooms.
I agree, I want my tax money used wisely as well. In my mind, if there was a real chance of the IC not coming and we should be "stuck" with another 3 star business class / convention hotel that wouldn't generate any new income (instead take away from other 3 star hotels), this is a good investment. That's my take on it. In the end, this hotel (and JDV) in my mind will help both leisure travel in Sacramento, and will probably help bring larger convention bookings as well with the increase in available rooms.
Hell, maybe we can even get the GOP (don't bite my head off neuhickman) or the Democratic (don't bite my head off snfenoc) convention with some nicer hotels.
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