Oh
2013-12-10 17:56:05.01582+01 by Dan Lyke 3 comments
Oh, look, the billionaires took SF for $5.5 million. Surprise! (not): http://www.sfgate.com/bayarea/...cisco-5-5-million-in-5050201.php
2013-12-10 17:56:05.01582+01 by Dan Lyke 3 comments
Oh, look, the billionaires took SF for $5.5 million. Surprise! (not): http://www.sfgate.com/bayarea/...cisco-5-5-million-in-5050201.php
[ related topics: Bay Area ]
comments in descending chronological order (reverse):
#Comment Re: made: 2013-12-10 19:02:22.651739+01 by: Dan Lyke
Also, the article specifically mentions $6.6 million raised in taxes from the additional economic activity. So either the city's tax rate is far too low, or someone's fulla prunes.
#Comment Re: made: 2013-12-10 19:01:03.426095+01 by: Dan Lyke
Yeah, I would take numbers from "The Voice of Bay Area Business" with some skepticism.
#Comment Re: made: 2013-12-10 18:52:21.861359+01 by: Larry Burton [edit history]
Okay, I'm having trouble understanding the complaint. From the article:
That spending, though, allowed the city to host an event that drew more than 700,000 people to the waterfront over roughly three months of sailing and generated at least $364 million in total economic impact, draft figures from the Bay Area Council Economic Institute reveal. That figure rises to more than $550 million if the long-planned construction of a new cruise ship terminal, which the regatta served as a catalyst to finally get built, is factored in.
If San Francisco can't recoup that $5.5 million from the $364 million in commerce that the event churned up I think SF has a problem with its tax structure.
We will not edit your comments. However, we may delete your comments, or cause them to be hidden behind another link, if we feel they detract from the conversation. Commercial plugs are fine, if they are relevant to the conversation, and if you don't try to pretend to be a consumer. Annoying endorsements will be deleted if you're lucky, if you're not a whole bunch of people smarter and more articulate than you will ridicule you, and we will leave such ridicule in place.
Flutterby™ is a trademark claimed by
Dan Lyke for the web publications at www.flutterby.com and www.flutterby.net.