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By Emptor (registered) | Posted January 16, 2011 at 21:01:19
Wb, nothing guaranteed, but it was a shot at gentrification for that area. There are several cities where this has worked, particularly on the waterfront, and I personally feel, it can happen at the WH. It can happen in a lot of ways though. Unfortunately, the stadium had one advantage, momentum. It will probably take council 50 years to come to a consensus on what to do down there now.
As for business, I'm a business owner in this city and I can tell you that the biggest piss off I have is the unbelievably high tax rate. You want businesses to locate here, have land ready and serviced, it's already reasonably priced, but you have to have low taxes. Stadiums only add to the business taxes if the economic benefit doesn't come to fruition.
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