Originally Posted by themaguffin
Oh yes contribute to
And where exactly does the other $300 million come from (it will cost more than $950 million to complete the project, we can all acknowledge that right?)
The $300 million will come from proceeds from the Hotel / Motel Tax levied by localities through out the state, in this case paying back bonds used to finance the city's portion of the stadium. I know many businesses downtown, including the hotels, that make a lot of money off events held at the Georgia Dome (and soon to be new stadium). I've seen statistics, and I can dig them up if you'd like, but the Georgia Dome & GWCC contribute something like $2 billion to the local economy yearly and Atlanta directly makes $200,000,000 per year. I know a lot of that might be simply from the GWCC, but I imagine a decent portion is from the stadium (whether it be the Georgia Dome or a new stadium), so a $300,000,000 investment is paltry for the return, especially considering you're going to pay that investment back with a tax on the hotels that make money off of these events.