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Originally Posted by bnk
A readers comment from that link from 2019 I found compelling.
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Rather than decimating communities of color, this place can serve as a late night spot to drain the wallets of douchey tourists after they leave River North bars. ...
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This kind of thing sounds good, but from what I have read - like this linked article - this isn't usually what happens outside places like Vegas
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Wherever it goes, or the number of jobs created, the tax revenues generated will probably not bring much new money into the state from tourists or convention-goers.
“That’s not usually the way things work out,” Wenz said. “You usually raise tax revenue off the back of locals, and a lot of the time it’s the most vulnerable ones.”
Wenz points to what happened with the Harrah’s Casino New Orleans. It sits next to the city’s French Quarter, one of the nation’s top urban tourist attractions, but sightseeing tourists don’t seem to spend much time there, he said.
“If you walk the floor, you’ll see it’s mostly locals who are just getting off work.”
Younge agrees.
“It’s in a strong location, but it’s not the driver of success in that market,” he said. “Eighty percent or more of your revenue comes from people in a 50-mile radius.”
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https://www.bisnow.com/chicago/news/...y-money-106709
This is a challenge:
seeking a site that optimizes revenue while not cannibalizing surrounding businesses (or possibly even having a positive development impact), retains money from those who currently travel across the border without taking money from those who cannot afford it or sucking in too many dollars that would otherwise be spent elsewhere in the community, accessible to those who most need jobs, and somehow attracting more than the normal share of out-of-towners.