Here are the numbers on the stadium.
We are being asked to provide $13M a year for 30 years.
The taxes generated during the first ten years of operation are projected to range from $31,172 to a high of $162,099 per year.
Even the revenues in year 10 will fail to equal the taxes spent by $8 million.
These numbers were referred to by the consultant who did the study as “high level proforma”
Much of the attendance will come from existing facilities such as the soccer facility in Cary. The study shows that 46 of the expected 58 to 63 events per year already take place at other venues.