THIS is how you do it

[Tom Joad]

Originally Posted by d-ray657

At's all about profitability - obscene profits. I was pissed when the Cardinals built a new stadium that actually reduced the number of seats by 10K, but tripled the number of luxury suites. The yearly rental of the suites more than made up for the lost ticket revenue.

Regards,

D-Ray

In Florida those luxury corporate skyboxes are sales tax exempted.

But the working stiffs down in the cheap seats have to pay 7% or more sales tax on them.

What's really galling about that is that a lot of these stadium project get funded by an extra penny of sales tax.

[Tom Joad]

The title of this thread should be "That's the way you do it"

https://www.youtube.com/watch?v=lAD6Obi7Cag

[Pio1980]

Originally Posted by whell

So I take it you didn't bother to read the article I posted, as evidenced by the above post. Typical

Let me help you a bit.

A 2013 deal between the Ilitches, through their Olympia Development of Michigan, and the city’s Downtown Development Authority to build the arena at the largely vacant and blighted area of Woodward at I-75 obligated the family to spend at least $200 million in ancillary development within five years of the venue’s opening.

But the Ilitches are accelerating that timeline, and upping the ante.

The Ilitches, the Little Caesars pizza chain founders who have owned the hockey team since 1982, told Crain’s last week that their construction timeline has been radically moved forward so the investment can have a maximum catalytic impact for the city.

“We think the impact on our community will be exponential if it’s all done at once,” said Chris Ilitch, president and CEO of Ilitch Holdings and son of Red Wings owners Mike and Marian Ilitch. “This project takes on a much bigger scale. There is nothing like this going on in our country.”

Ilitch said cost isn’t the first consideration as the planning has evolved for a project with a very large vision for the whole entertainment district.

“This is more than a development; this is our passion,” he said.

One of your more rational contributions, interesting.

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