Quote:
Originally Posted by fenwick16
That is an interesting link - you can look at that either way. It had an impressive growth rate during the 3 years between 2005/2006 and 2008/2009, prior to the recession when it started to decrease. The economy will eventually start to improve, so the convention centre will be complete at a time when the economy is doing well again and more people are traveling and spending money.
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again even number that are objective can be viewed in different ways. I see a spike in 08/09 but essentially flat to slightly inclining revs and declining attendance. However what I didnty point out was the incredible decline in visitor expenditures on that first page. I know that on another report at TCL there is a lot more detail on local versus away delegates. obviosuly away delegates spend a lot more than local ones. But direct expenditures of $74 Million last year versus $100 Million as thw worst of any of the previous 4 reported years,
WHAT if the economy doesn't IMPROVE? What if Convention center as an industry does not recover?
WE own our own place now. WE want to now lease a space and commit for 25 years and have nothing at the end. I am still not 100% comfortable with it but am willing to move ahead and see where these negotiations bring us. Some comment on the CBC or Herald was really to the point. He was a businessman but his statement was " How many businesses does this really impact?" so I gave that some thought. Downtown businesses for sure. Bars resteraunts clothing stores, Hotels cabs and airlines for sure. And the obvious suppliers to those businesses.
SO lets continue the process but I am wary