Quote:
Originally Posted by SkyscrapersOfNewYork
but cant wealthy tourist help stimulate the economy if they spend money here?
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Absolutely, but the tourist market does not have as much of an impact on the total city economy the business market does.
Office space means thousands people spending 40+ hours a week at the location. That cascades into commitments to residential space (saving on commute), steady restaurant/catering business (between meetings and breakfast/lunch hours), hotel bookings (for visitors to the businesses who operate there), use of mass transit (for those who don't move close by), etc.
Tourists can choose to vacation elsewhere without so much as a thought, and at no real penalty to do so. And although places like the shopping districts and tourist attractions take a hit wohtout that business, those who live in the city will still use a portion of these services anyway.
The long term vision of the city should be on keeping businesses, and not attracting tourists.