Economic boost expected as convention...

Economic boost expected as conventions flock to Denver

There are 16 comments on the Fox 31 KDVR story from Oct 1, 2010, titled Economic boost expected as conventions flock to Denver. In it, Fox 31 KDVR reports that:

At a time when many cities are struggling to attract convention business, Denver is about to finish up the year with nine major medical conferences, bringing tens of thousands to the city for the very first time.

Join the discussion below, or Read more at Fox 31 KDVR.

firestoneneocon

Denver, CO

#1 Oct 2, 2010
Wow! Look at KDVR propagating for the liberals and only a couple of months before the elections. I'd really love to see where they're getting their numbers because it sure as hell doesn't feel like the economy is improving. Are we back to the whole "hope" slogan" again? I think osama wore that out so badly no politician will ever be able to use that again without being mocked. Why don't you just sell out to KUSA and become an NBC affiliate if your going to act like a biased liberal organization?
DL Probing

Littleton, CO

#2 Oct 3, 2010
I thought the Conference infrastructure that the Dems built downtown was simply a product of their egotistical edefice complexes...to paraphrase the Far Fright....you mean this stuff is going to generate revenue not only for the State of Colorado but for local business owners as well?

Where is the Scary in that?
cjrian

United States

#3 Oct 3, 2010
DL Probing wrote:
I thought the Conference infrastructure that the Dems built downtown was simply a product of their egotistical edefice complexes...to paraphrase the Far Fright....you mean this stuff is going to generate revenue not only for the State of Colorado but for local business owners as well?
Where is the Scary in that?
Gee, if this was such a great payoff, wouldn't private investors have gladly provided the funding?

I keep hearing about public projects that generate "scads" of revenue, and prop up neighborhoods, but in-depth investigations usually find that expenses exceed revenue. By far, these are usually edifices to the personality in power and financially corrupt. Publicly funded sports stadiums are a classic example. They "feel good", but never return the projected revenue. For that matter, they nearly always fail to retirn the revenue of the businesses destroyed to make way for them. They are ego trips which defray expenses on Billionaires, who employ millionaires,m so that adults can be overcharged to watch a childs game. That is, if the game that Joe Six=Pack, the ultimate funder, has not been "blacked out" due to lack of seating sales.
DL Probing

Littleton, CO

#4 Oct 4, 2010
Why give "private investors" the ability to get a return of taxpayer monies?

Sounds like corporate welfare, no.

As far as your "opinions"...this article is the perfect example to prove your ranting wrong...as I pointed out above...so was there anything else?
DL Probing

Littleton, CO

#6 Oct 4, 2010
So we're enjoying all of that without private profiteering....making your point what?
DL Probing

Littleton, CO

#8 Oct 4, 2010
You're just running yourself in crazy little fright wing circles at this point aren't you.

Colorado voters must approve all tax increases.

Education is not something from which you should run.
WhatsaMatterYou

Tulsa, OK

#9 Oct 4, 2010
I don't care how many conventions they have in The peoples Republic of Denver. The Dems will squander, pillage, payoff and misuse it and these Democrat blood suckers will have the city in the red again.
Go to another city and have your conventions that have something to see and offer for the money.
Here in Denver there isn't squat just city rip offs and lowlifes up and down the the 16th St Mall and LoDo.
DL Probing

Littleton, CO

#11 Oct 5, 2010
Say it with me...Colorado voters have to approve all tax increases.

Say it with me...the Convention infrastructure built by the Dems is now benefiting taxpayers and local businesses.

Say it with me...I will not whine when things go well for the Dems.
Sniper

Littleton, CO

#12 Oct 5, 2010
I love seeing you get beat down DL,, YOU ARE NO MATCH for cjrian..the more you try to attack the more you get beat down..You cant fool anyone with your worthless made up propaganda..Your fear of Obamanize loosing his office to get a real American in really amuses us...I use the crap you spew to correct the lame dems I meet...they are turning on you...Ok your turn ...spew out some worthless petty insults...
DL Probing

Littleton, CO

#13 Oct 5, 2010
Say it with me....the pouting isn't going to help cjlyin out of the corner.
keepingpolictics outofit

Jackson, MI

#14 Oct 5, 2010
I think it's great that this city has these facilities to court any and all larg or small groups to hold their annual whatevers here in Denver. As you've heard those who were interviewed say "...disn't realize Denver has such nice..." fill in the blanks. They like the area, the events, the people and are here and yes, spending money. There are a lot of hard working people behind the scenes trying their best to make this happen and they seem to be very successful with it. You just don't land a political party convention without something very nice to offer. Denver certainly has what it takes and by landing huge conventions like that and others similar, everyone benefits. I wish you all would put your politics aside and celebrate what we have and what we have to offer and be thankful for it. After all, no matter what the political affiliation (I have none) we are all in this together.
cjrian

United States

#15 Oct 5, 2010
DL Probing wrote:
Say it with me...Colorado voters have to approve all tax increases.
Say it with me...the Convention infrastructure built by the Dems is now benefiting taxpayers and local businesses.
...
When voters "approve" tax increases for "toys for boys" it MIGHT help if they had ALL the facts, wouldn't it?

Let's use the Pontiac Silverdome as as an example (I'm very familiar with it). It cost $55.7 Million to build (in 1975 dollars). It was supposed to pay its way by 1980, per the pro-stadium proponents, and MAYBE even pay the property taxes which were waived for the duration. Instead, it needed an annual $10 million subsidy, for the next 35 years, and a continuation on the property tax waiver. After ANOTHER stadium was built in downtown Detroit, at taxpayer expense, of course, it was sold for $583,000, less than the cost of a nice home in that area, actually the final sales price was less than the land value alone. For 35 years, Auburn Hills, where the Silverdome is actually located, spent well over $1 million per annum for stadium related services, and lost $1 million in property taxes.

Ford Field, the Silverdomes replacement in downtown Detroit, cost another $430 million.

All told, the final cost was over $1.5 billion, billed to Joe Six-pack, who couldn't even enjoy what he paid for. That's just for ONE single stadium. And this same scenario plays across EVERY major city that subsidizes major sports.

Had the taxpayers known the total cost or the Return on Investment, would they have voted for this? Would ANY locality vote for ANY of these fiascos if they knew the total cost? Maybe yes, maybe no. But what is the TOTAL cost vs. the return - pisspoor!
keepingpolictics outofit

Jackson, MI

#16 Oct 5, 2010
At the risk of sounding uninformed about the debate being banted about here,(and please tell me if wrong), are we discussing the convention center as if it was a sports stadium? I believe the article was discussing the convention center and by booking large conventions there that it was a boon to Denver residents as all the folks who attend these do indeed spend their money in local hotels, restaurants and shops nearby thereby benefiting the citizens of Denver. I think this discussion has drifted toward another topic, though similar cannot be looked at as apples to apples. I agree that publicly funded sports venues are not in the best interest or financially benefiting to locals, but public funded convention centers as the one discussed here clearly are. Or, am I just getting in the middle of an on-going battle between cyber foes? I enthusiastically applaud and support the people behind the scenes who do their best everyday to book this town for any and all conventions and annual meetings in our convention facilities as a boost to our overall economy and a benefit to us all.
cjrian

United States

#17 Oct 5, 2010
keepingpolicticsoutofit wrote:
At the risk of sounding uninformed about the debate being banted about here,(and please tell me if wrong), are we discussing the convention center as if it was a sports stadium? I believe the article was discussing the convention center and by booking large conventions there that it was a boon to Denver residents as all the folks who attend these do indeed spend their money in local hotels, restaurants and shops nearby thereby benefiting the citizens of Denver. I think this discussion has drifted toward another topic, though similar cannot be looked at as apples to apples. I agree that publicly funded sports venues are not in the best interest or financially benefiting to locals, but public funded convention centers as the one discussed here clearly are. Or, am I just getting in the middle of an on-going battle between cyber foes? I enthusiastically applaud and support the people behind the scenes who do their best everyday to book this town for any and all conventions and annual meetings in our convention facilities as a boost to our overall economy and a benefit to us all.
You're right - on both counts
This is a couple foes going at it.
And it's also about publicly funding edifices.

I would contend that when these projects, whether arenas or convention centers, fail to pay for themselves. That pointing out the "prestige" and the tens of thousands of dollars in increased business does not allay the upfront or the ongoing costs associated with such. That the occasional money producing event does not make up for the permanent, ongoing businesses destroyed. That the TOTAL costs and revenue gained do not outweigh the permanent losses. That proponents grossly exaggerate the benefits and seriously downplay the negatives.
DL Probing

Littleton, CO

#18 Oct 5, 2010
Why the childish willful ignorance?

Can you have a big boy discussion or not?

Say it with me...Colorado voters have to approve all tax increases.

Say it with me...the Convention infrastructure built by the Dems is now benefiting taxpayers and local businesses.

Say it with me...I will not whine when things go well for the Dems.
cjrian

United States

#19 Oct 5, 2010
DL Probing wrote:
Why the childish willful ignorance?
Can you have a big boy discussion or not?
Say it with me...Colorado voters have to approve all tax increases.
Say it with me...the Convention infrastructure built by the Dems is now benefiting taxpayers and local businesses.
Say it with me...I will not whine when things go well for the Dems.
Too bad the voters don't get to hear the REAL costs!

The REAL costs don't make up for the losses

And Joe Sixpack pays and pays.

Sure, the Party Store, the polishing shop, the bicycle repair shop, the transmission shop, the 200 homes, etc don't have the PRESTIGE of a convention Center. But they pay their own way, without ANY subsidies. And they all support their neighboring businesses NOW and have been doing so all along, not 5 years in the future. And they don't require extra sevices like extra traffic control, traffic detours/blockages, extra EMT's on standby, Police overtime, etc.

These fiascos are ego trips and not productive uses of resources.

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