[Goose]

Yeah, I mean most of these stadium deals get a lot of funding from hotel taxes and the like, but that just means less tourists will come or hotels have to lower their rates. No free lunch.

One would think that would be the case. One would also think that people wouldn't travel thousands of miles to a very hot, dry, place to play games the expected value of which is less than 0. But they do. In Las Vegas, for the taxpayers, it has been very much a free lunch for about 70 years. Not so much now, maybe only a very cheap lunch.

[Goose]

Yeah, I mean most of these stadium deals get a lot of funding from hotel taxes and the like, but that just means less tourists will come or hotels have to lower their rates. No free lunch.

One would think that would be the case. One would also think that people wouldn't travel thousands of miles to a very hot, dry, place to play games the expected value of which is less than 0. But they do. In Las Vegas, for the taxpayers, it has been very much a free lunch for about 70 years. Not so much now, maybe only a very cheap lunch.