I'm sure they can work out a one-year lease extension (at higher rates) if it comes down to that. Or they'll build it sooner. Or they'll go ahead and start construction without the legislative approval. The point is, I bet this thing is going to happen no matter how many people correctly think it shouldn't, and looking at all the ways it could go wrong is just copium for opponents (which, again, to be clear, very much includes me). |
Don't forget hypocritical, virtue-signaling-rich-white housewives of Del Ray and North Ridge! |
Can I ask genuinely why you support the arena? The jobs it "creates" are either going to be temporary construction, or imported from the existing stadium. It's not like the jobs are going to be brand new contributions. There is no traffic solution. We all know that. Do you really think it will be such a big economic success? With the 100 million spend by the city of Alexandria, and billion dollars by the state of Virginia? I sincerely want to know what grounds you support it's addition to PY. |
Not nearly the same. Rosemont is like Kehlsteinhaus for entitled Alexandria Dem Women. Karen ground zero. |
PP you're responding to. I've listened to all of the sessions the City has held on this, and while I'm not an economist - at all - it does seem like this is a good revenue generator for us. It seems like they've taken a conservative approach in their estimates, and that this won't cost us, as residents, any money. Besides the economics, I like the idea of a concert venue within the City limits. The Birchmere is great, but it's small and doesn't attract many acts I'm interested in. I like the idea of taking my kids to a safe sporting facility a couple times a year. Also, it just seems fun, and way more entertaining than office buildings or condos. I don't drive over there very often, so honestly I don't care passionately about the traffic, although it does seem that they have a framework for dealing with that. Although I drive most places, I do see this as a place that I would take public transportation to get to. The jobs aspect isn't that high of a concern for me. |
It isn't a revenue generator though. All of the money that was supposed to go back into the coffers from the Metro station will now go to the arena. Plus, if they don't meet projections on things like ticket sales and concessions, then the taxpayers have to cover the shortfall. So given the transportation issues, the likelihood of short ticket sales (or non-existent ticket sales in the case of the Wizards) the project will be vacuuming money away from Alexandria and into the Arena. |
What is the framework other than telling people to park at DCA and taking the metro? |
Like I said, I've only been listening to the many sessions the City has held on this, and I guess I believe their estimates. I understand that people don't, but it seems like they are well researched and valid, so I'm going to go with that. I don't have the background, inclination or means to do my own research or studies on this, and I'm an optimist. I think this can work. |
I listened to their traffic presentation and nowhere did they say there were going to have people park at DCA. They mentioned Crystal City, and nearby metro stations, but I don't think DCA was presented as an option. |
It is buried in the documents. There was a whole article about it, I think, in the Washington Business Journal, It was posted on an earlier page in this thread. |
I guess you aren't familiar with the national studies around this. Here, I will help you out: https://www.brookings.edu/articles/sports-jobs-taxes-are-new-stadiums-worth-the-cost/ these arguments contain bad economic reasoning that leads to overstatement of the benefits of stadiums. Economic growth takes place when a community’s resources—people, capital investments, and natural resources like land—become more productive. Increased productivity can arise in two ways: from economically beneficial specialization by the community for the purpose of trading with other regions or from local value added that is higher than other uses of local workers, land, and investments. Building a stadium is good for the local economy only if a stadium is the most productive way to make capital investments and use its workers. The existing plans for the site that include housing and retail are far more productive and income generating for the city and state, than the arena proposal. Also, the numbers generated that you are relying on have expectations that do not match the current reality for the teams. |
I am familiar, and I do believe the City has addressed a lot of the concerns about why the stadiums generally lose money, and have put mechanisms into place to address those risks. Look, I'm guess I'm coming to this concept from a "yes, this sounds great" mindset, and then figure out the details over the next few years. I understand that others are coming to this from "no, never, absolutely not". I'm willing to see that this is a bad idea, or a bad deal, I'm just saying I haven't seen anything yet that gets me there. |
NP here. So you don't live near Potomac Yard, is that it? |
And we know there are many examples of traffic problems in the DMV being solved. [Not!] And we know NoVa has a long history of aggressively funding mass transit in all its forms. [Not!] |
And, presumably, you believe everything a politician or used car salesmen says. |