When there is a game in town and the out of town team stays at the Hyatt -which they often do- then it doesn't take an Arthur Anderson CPA to figure that the Hyatt hotel and restaurant business will benefit from that. And whether it is 5,000 or 50,000 people attending the game, likewise, some of those people will stay in hotels, likely are in town for other business and are staying someplace and probably eating.
The differences would be seen -if the team were not there- in the attrition in the hospitality industry -including employment, and the diminishing of attendant normal tax revenues.
James E Jacobsen // Whittier
Then let the Hyatt pay for it. Why aren't they lining up to buy stock in a public corporation to build a stadium?
So if I spend $300 MILLION (in tax revenues which could be spent on schools) to build a stadium what will be my return on investment? How much will go to the hotel employees and how much will go the hotel officers and directors and thus, how much will be returned in taxes?
Given recent events I suspect an Arthur Anderson CPA COULD show me a return on investment from all this, but I'll stick to accountants I know and TRUST.
Robert Schmid
Central
