$46M proposed to remake Centennial Olympic Park (Atlanta: hotels, new home)

[iwas99x]

Originally Posted by thebigATL

Right, this new stadium will attract more events and money to our city.This might be one of the developments that will really kick off development for downtown.

There is no concrete independent evidence that states that a new stadium will do so, the old one was and is still capable holding and attracting events. The city/Kasim Reed/ Invest Atlanta were all wined and dined and ignored outside independent findings by Scholars that point to public spending on private ventures specifically new stadiums rarely if ever returns on its investment. In fact the state will now make zero income in the new facility, charging a few million in rent, yet seeing no $$ from events, all ticket sales from Monster Truck Shows, Motorcross, college bowls will go back to Arthur Blank.

As for the Convention Center. They expanded one hall too many. They thought they would need the extra hall and the business never came. Either the GWCC are terrible at planning or they have consultants give them BS pie in the sky numbers. So the Park needs no makeover what so ever.

How many people think the GWCC is corrupt or Inept.. after all it is state run.

[magnetar]

Funny how ^^ some people just come up with a new list of random, unsubstantiated complaints when people point out that they're wrong.

[afdinatl]

Originally Posted by iwas99x

There is no concrete independent evidence that states that a new stadium will do so, the old one was and is still capable holding and attracting events. The city/Kasim Reed/ Invest Atlanta were all wined and dined and ignored outside independent findings by Scholars that point to public spending on private ventures specifically new stadiums rarely if ever returns on its investment. In fact the state will now make zero income in the new facility, charging a few million in rent, yet seeing no $$ from events, all ticket sales from Monster Truck Shows, Motorcross, college bowls will go back to Arthur Blank.

As for the Convention Center. They expanded one hall too many. They thought they would need the extra hall and the business never came. Either the GWCC are terrible at planning or they have consultants give them BS pie in the sky numbers. So the Park needs no makeover what so ever.

How many people think the GWCC is corrupt or Inept.. after all it is state run.

Ever heard of the Super Bowl?

[thebigATL]

Originally Posted by afdinatl

Ever heard of the Super Bowl?

Thank you!

[MattCW]

Originally Posted by afdinatl

Ever heard of the Super Bowl?

You mean the money-losing event of the year?

[afdinatl]

Originally Posted by MattCW

You mean the money-losing event of the year?

It only loses money, if it does, is when the stadium is far away from downtown. As example would be Phoenix. Our stadium is downtown so all the action will be downtown and not spread out over the metro region so that means it will benefit our city greatly

[JMatl]

Originally Posted by iwas99x

As for the Convention Center. They expanded one hall too many. They thought they would need the extra hall and the business never came. Either the GWCC are terrible at planning or they have consultants give them BS pie in the sky numbers. So the Park needs no makeover what so ever.

How many people think the GWCC is corrupt or Inept.. after all it is state run.

You need to back up this wild claim with verifiable proof.

We are one of the 'elite five' top convention cities among Las Vegas, Orlando, Chicago & New Orleans. There are some conventions that are so large that this group of cities are the only places that are able to host them.

Don't underestimate the massive impact this industry has on our economy. If the GWCC thinks freshening up the park is a good idea, you would be misguided to dismiss it out of hand. Besides, the renderings look great to me.

[iwas99x]

Originally Posted by JMatl

You need to back up this wild claim with verifiable proof.

We are one of the 'elite five' top convention cities among Las Vegas, Orlando, Chicago & New Orleans. There are some conventions that are so large that this group of cities are the only places that are able to host them.

Don't underestimate the massive impact this industry has on our economy. If the GWCC thinks freshening up the park is a good idea, you would be misguided to dismiss it out of hand. Besides, the renderings look great to me.

they haven’t been turning up much. For fiscal year 2014, the World Congress Center saw just 390,870 convention and trade show attendees. That’s down 17 percent from the previous year, and less than half the 807,000 attendees the center saw in 2007. It’s even far less convention business than the 601,000 attendees the center saw in 1989 — and that was two expansions ago

PriceWaterhouseCoopers produced a “market analysis” in October 1996 that forecast that after the latest center expansion, completed in 2002, the World Congress Center would see 1.4 to 1.5 million convention and tradeshow attendees a year. Didn’t quite work out that way.

[JoeTarheel]

Originally Posted by iwas99x

they haven’t been turning up much. For fiscal year 2014, the World Congress Center saw just 390,870 convention and trade show attendees. That’s down 17 percent from the previous year, and less than half the 807,000 attendees the center saw in 2007. It’s even far less convention business than the 601,000 attendees the center saw in 1989 — and that was two expansions ago

PriceWaterhouseCoopers produced a “market analysis” in October 1996 that forecast that after the latest center expansion, completed in 2002, the World Congress Center would see 1.4 to 1.5 million convention and tradeshow attendees a year. Didn’t quite work out that way.

You should also note that since 2007 we have been in the midst of a recession, and it has affected trade shows and conventions everywhere. Attendance will rebound as the economy rebounds.

[iwas99x]

Originally Posted by JoeTarheel

You should also note that since 2007 we have been in the midst of a recession, and it has affected trade shows and conventions everywhere. Attendance will rebound as the economy rebounds.

the Economy recovered 2, 2 and half years ago. Look at all the new buildings going up, the stock market is higher now than ever. the GWCC was/is overly optimistic.