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quinntronix OP t1_j46e7wb wrote

Reply to comment by PigpenMcKernan in Share your opinion about Fane Tower by quinntronix

This will not be affordable housing. If the city just maintains the park it could open a seasonal outdoor concert venue and generate more income. The trickle down effect for our economy isn’t as beneficial as a tax free construction project for a luxury condo building.

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cheekiewalrus t1_j46pwfe wrote

The last thing Providence needs is a seasonal outdoor concert venue.

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degggendorf t1_j47z3t2 wrote

>a seasonal outdoor concert venue and generate more income

How do you figure that? Concert ticket sales would need to be $3.5m per year to match the tax revenue. How much would a ticket to a small park concert cost, $20 tops? So we would need 175,000 attendees to break even, even if we ignore all the costs of building and maintaining a concert venue. We're not regularly filling our existing venues, and another one won't really induce more demand will it?

So a concert venue will 1.) Make the city less money, and 2.) Complete will existing arts in the city.

Doesn't sound like a good plan to me.

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