ST Alpha - "I don’t see how tearing it down and building it from scratch couldn’t have been cheaper. They’ll never make their money back." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 157

In response to "*smh* What a massive waste of money. -- nm" by Krusty

I don’t see how tearing it down and building it from scratch couldn’t have been cheaper. They’ll never make their money back.

Posted by Mop🧹 (aka rburriel) Nov 10 '24, 21:11

Per the note at the end, they got 400,000 visitors in the first year. If they clear $10 per customer (which seems unlikely with overhead costs), that’s $4 mil in 1 year. It’d take 10 years to recover their costs. And in that time, maintenance costs would just outpace any revenues.

Responses:

CA real estate taxes are pegged at what you pay for it, afaik remodeling doesn't change that, but a new building would -- nm - zeitgeist Nov 11, 00:51
They signed a $900 million dollar deal with ViacomCBS. They can afford to “lose” millions on something that they love -- (edited) - JD Nov 10, 23:36

Post a message top

I don’t see how tearing it down and building it from scratch couldn’t have been cheaper. They’ll never make their money back.

Replies are disabled on threads older than 7 days.