8/04/2004 07:46:53 AM|||Nathan Moore|||Agreements have been reached, and another Arena Football team will be playing at the Gaylord Entertainment Center (the GEC) in downtown Nashville. Because of arrangements with the Nashville Predators, they will net more from the deal than the city of Nashville, which has financial obligations in maintaining the arena.
The (Silly) Tennessean laments that Nashville will only make $100,000.00 off the presence of the new Nashville Kats at the GEC. What a shortsighted story. Do the people who write these kinds of things think? The presence of the Kats, though not as significant as a professional hockey team, draw people into the city. These people do not just go the event and leave - they stay and eat, and drink! The economy is positively affected to the tune of a few million. The city makes money off of everything spent. The actual impact of the Kats on the city will no doubt be into seven figures. The same goes for the Predators - the hockey team does not in a real sense cost the city anything.
This kind of thinking eludes the critics, who are, it seems, primarily composed of liberals. Unsurprisingly, liberals (otherwise known as Gannett reporters) are not known for their economic acumen, which is peculiar because they tend to enjoy mining and pillaging the local economy for all kinds of ill-conceived socialistic adventures. Surely something would stick.
|||109162409398103730|||Insight, Please