Quote:
Originally Posted by We vs us
Merits of the argument...
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I struggling to conclude that the "facts" outlined in the letter were worthy of true merit. There are many other factors which were ignored as they would contradict their organization's argument. All of the "facts" were not portrayed in the document - on purpose.
Numbers have and always will be skewed in an attempt to provide "merit" to one's argument.
I love it how they imply that the City of Austin is going to *invest $1.2 billion in "attracting tourists." It's about attracting more conventions. Reclaiming those conventions who have gone elsewhere because Austin's center was too small - at the same time as attracting new, larger conventions to the city. In turn, those people are exposed to Austin and in some cases, may consider Austin as a business expansion point or a new HQ. I believe it to be an economic driver. Not the driver...but, a driver.
Let's face it, if Austin never had a convention center - it would be nowhere near the city we see today! Oh, crap...that's their underlying point. If you don't build it, they won't come.
*They make it sound as if the city is going to provide the capital for the whole thing. It's going to be mostly financed by those renting hotel rooms (a slight increase in the HOT). Furthermore, this $1.2 billion will not exist should there be no CC expansion. Hotels will fight and refuse to assess these taxes should these specific funds not be used in a manner in which could increase their business.