There has been some talk on the blog lately about the invigorating effect the arena is expected to have on the downtown economy.
In Please don’t revitalize us any more! we compared the mixed beverage gross receipts taxes for March 2014 (around three months before the ball park opened) to the same taxes for June 2014 (one full month of the ball park operating). The result was that tax receipts went up about 8%. Unfortunately for the independent restaurant owners the ball park accounted for about 13.8% of the new total while the independent’s sales dropped by about 7%.
Two years later
Looking at the numbers for April 2016 we find that the mixed beverage gross receipts taxes for the 79901 area fell to $75,166.12 meaning that total sales (including the ball park) are now down about 25%.
We deserve better