Sports infrastructure
does work as a business generator.
You need to look no further than the Moncton Stadium.
If someone had come forward (cold) with a plan 7-8 years ago for a $24M 10,000 seat sports stadium for U de M, looking for government funding for this initiative, they would have been laughed out of town. The university doesn't even have a football team for cripes sake!!
The plan wasn't cold however. It was purpose built for the IAAF World Championships. Since then the stadium has also hosted three CFL games, the Canadian Track & Field Championships (twice) and both the FIFA U20 Women's World Championships and the Actual FIFA Women's World Championships. The facility has more than paid for itself in terms of taxes recovered and in promotional terms. Moncton is up there playing with the big boys and lots of people who would otherwise never heard of our city are now aware of our existence. The current FIFA event is expected to generate something like $40M in economic activity for the city and the region.
The Events Centre is also being proposed for a purpose. This purpose is to re-establish Moncton as a regional hub for arena concerts and events such as the Memorial Cup, world curling championships, national and/or world figure skating championships, Cirque d'Soleil etc. We need this facility badly and it will be an economic multiplier in much the same way as the Moncton Stadium has been.
All this haggling over funding misses the big picture completely!! This is all so damned frustrating........
If you build it, they will most definitely come!!!