What are the chances of a Tulsa Beacon retraction?

[swake]

The "newspaper" Tulsa Beacon had an editorial last week that said "told you so", that the Honeymoon was over for the BOK and arena was on the verge of failure since the Talons were supposed to be leaving Tulsa.

http://www.tulsabeacon.com/?p=2889

So in the week since they posted that article the Talons have said they are not leaving, The BOK was selected as an NCAA site, the WNBA visited again working on a franchise here and now the league offices for Arena Football might be moving to Tulsa in addition to the Talons not moving.

http://www.tulsaworld.com/sportsextra/article.aspx?subjectid=407&articleid=20090924_407_0_Anewar111314

That's a big burrito of fail you gathered up this week Mr Biggs.

[FOTD]

The "newspaper" Tulsa Beacon had an editorial last week that said "told you so", that the Honeymoon was over for the BOK and arena was on the verge of failure since the Talons were supposed to be leaving Tulsa.

http://www.tulsabeacon.com/?p=2889

So in the week since they posted that article the Talons have said they are not leaving, The BOK was selected as an NCAA site, the WNBA visited again working on a franchise here and now the league offices for Arena Football might be moving to Tulsa in addition to the Talons not moving.

http://www.tulsaworld.com/sportsextra/article.aspx?subjectid=407&articleid=20090924_407_0_Anewar111314

That's a big burrito of fail you gathered up this week Mr Biggs.

Maybe, but over the long term those funds could have been allocated to cultivate more activity not trying to keep up with the Jonses.... Some of us know this year was a breakout for the BOK....the soon to be loss leader for our city.

[BKDotCom]

the BOK....the soon to be loss leader for our city.

Are you saying ticket prices are going to be dropping??

[SXSW]

Who actually reads the Tulsa Beacon?

[Wrinkle]

Let's look at those economics again, shall we?

$200+million overhead not counted in profit statements.

A $1.5 million profit on $200 million investment doesn't bode well for the long term. In twenty years, even at the current rate (which will be hard to maintain) is $30 million ROI. Investors typically expect their ROI to double every 10 years, 200%, at least. That's 400% over 20 years. BOInc Arena comes in at 15% at the current rate in 20 years. That's a whopping 0.75% Annual ROI. Even my bank savings account is doing better than that.

Now, that doesn't account for all the Hotel/Mutli-Faceted development in the area.

Wait a minute....

[Wrinkle]

Who actually reads the Tulsa Beacon?

Swake, at least.

[custosnox]

Who actually reads the Tulsa Beacon?

There's a tulsa beacon?

[we vs us]

There's a tulsa beacon?

Petty's has some tasty Tulsa bacon.

[Red Arrow]

There's a tulsa beacon?

Bright light on the top of Turkey Mountain.

[Conan71]

Let's look at those economics again, shall we?

$200+million overhead not counted in profit statements.

A $1.5 million profit on $200 million investment doesn't bode well for the long term. In twenty years, even at the current rate (which will be hard to maintain) is $30 million ROI. Investors typically expect their ROI to double every 10 years, 200%, at least. That's 400% over 20 years. BOInc Arena comes in at 15% at the current rate in 20 years. That's a whopping 0.75% Annual ROI. Even my bank savings account is doing better than that.

Now, that doesn't account for all the Hotel/Mutli-Faceted development in the area.

Wait a minute....

All fine and good standards for private enterprise.  Government is not expected to turn a significant profit.  The whole purpose of arenas, ball parks, etc. are to enhance the quality of life and attract tourism dollars to an area, not to be a central cash cow for the city or county.

[Cats Cats Cats]

Let's look at those economics again, shall we?

$200+million overhead not counted in profit statements.

A $1.5 million profit on $200 million investment doesn't bode well for the long term. In twenty years, even at the current rate (which will be hard to maintain) is $30 million ROI. Investors typically expect their ROI to double every 10 years, 200%, at least. That's 400% over 20 years. BOInc Arena comes in at 15% at the current rate in 20 years. That's a whopping 0.75% Annual ROI. Even my bank savings account is doing better than that.

Now, that doesn't account for all the Hotel/Mutli-Faceted development in the area.

Wait a minute....

So this 1.5 million profit is just from the Arena itself, not increases in sales tax in the area, etc.  I figure the impact of the Arena is a little tough to judge with the economy.

[FOTD]

All fine and good standards for private enterprise.  Government is not expected to turn a significant profit.  The whole purpose of arenas, ball parks, etc. are to enhance the quality of life and attract tourism dollars to an area, not to be a central cash cow for the city or county.

How do you feel about Medicare, the US Postal System, and saving banksters?

[sgrizzle]

So this 1.5 million profit is just from the Arena itself, not increases in sales tax in the area, etc.  I figure the impact of the Arena is a little tough to judge with the economy.

Correct. $1.5M profit year one when people like Wrinkle said it would operate at a loss every year, especially the first.

[Conan71]

How do you feel about Medicare, the US Postal System, and saving banksters?

?

[FOTD]

?

Apples and oranges throw off a significant profit?

It's not apples and oranges....it's what can government provide it's citizens that will cost and often lose money. You seem to favor entertainment over the support systems. Curious.