We are told we can't survive without the economic impact of both. What was the projected economic impact of the NBA All-star game? $152 Million. What was the actual? $0. Imagine that.
Read the article on WFAA.comhttp://www.wfaa.com/news/investigates/NBA-All-Star-Game-Falls-Short-of-Predictions-95467734.html. You can't afford not to. Remember the Super Bowl is coming, Fort Worth wants to spend $4.5 Million on that. Yes, the same Fort Worth who is currently $77 Million short on their budget. Sounds like the Fort Worth Way.
That raises new questions about the consultant who produced the study — the same man who says next year's Super Bowl at Cowboys Stadium will deliver a $600 million boost to the region.
But the State of Texas set aside $15 million in taxpayer money to get the whole party off the ground. About $2 million of that has already gone to cities for costs they incurred.
Thursday, June 3, 2010
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