Anybody who's actually been to the Sands in Singapore - even just the mall - would be able to confirm that we're nowhere close to being ready for our own. Damn thing could swallow all of Robson and Metrotown and
still have room left over.
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Originally Posted by EastVanMark
The really sad part is that we could have had the exact same thing here with the casino being on the waterfront (either one). And as you point out, there is a whole host of activities available without having to — at any of them. Its just that the — attracts people to the complex, which in turn drums up business that brings out others who don't have any interest in —, but come in and spend money on shows, shopping, dining, accommodations etc etc. If it was built on the Plaza of Nations site, you would have seen an extreme transformation of the seawall on that side that would have been a draw for both residents as well as tourists. A sad tale indeed.
But then again, you might have locals driving in from other municipalities to take all this in, and would require driving into our downtown which is a big no-no for big brother Vancouver City Hall, so we get something that is not much better what people already have in their own communities and as a result, keeps them away and you get situations like this where the casino has trouble paying its bills.
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Again,
$20 million of profit against $170 million of revenue. Construction debt aside, that's a profit margin of almost twelve percent. Maybe a bigger casino would've outstripped the higher construction and operating costs, maybe it wouldn't, but what they have right now definitely works.
Quote:
Originally Posted by WarrenC12
Nobody forced them to take on huge debt. Nobody forced them not to include a theater in their proposal.
Sometimes outsiders don't understand the local market. Tinseltown is a great example of that.
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Pretty much - a population of 2.4 million and an affordability crisis means we're nowhere near "too big to fail" status.
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