I remember a quote from an economist on hearing about a stadium project (or racetrack, or casino, for that matter -- I think it was either Baltimore or Atlantic City) --
"If the economic benefits of the proposed development turn out to be as the mayor suggests, he would be the first mayor in the history of such projects to be correctly predict the effects."
The beneficiaries of these projects never end up being who the backers say they will be. And the beneficiaries who they actually are designed for are never the ones being touted.
If economic benefit for the city were the motivation, let the developers put up their money to pay the difference if the economic benefits don't turn out to be as they projected.
"If the economic benefits of the proposed development turn out to be as the mayor suggests, he would be the first mayor in the history of such projects to be correctly predict the effects."
The beneficiaries of these projects never end up being who the backers say they will be. And the beneficiaries who they actually are designed for are never the ones being touted.
If economic benefit for the city were the motivation, let the developers put up their money to pay the difference if the economic benefits don't turn out to be as they projected.