Public Funding:“We’ll continue to pursue it.” - Stephen Ross, Dolphins
Stephen Ross, multi-billionaire owner of the Dolphins, poised to invest in U.S. Century bank STILL wants public dollars for his stadium. Hasn't he read the newspaper? Doesn't he know what is going on with Gimenez and the budget? How about we take some of that tourist tax money and spend it on libraries? Making tourists smarter is a great goal. Ross take your U.S. Century money and invest in your own damn team.
On another note, read Miami Today on Genting Casino gambling. It is an eye-opener:
Visitors are back from a disastrous Las Vegas recessionary slide. But those returning spend far less on gambling. Before the recession, the Times says, the average Vegas visitor put aside $650 for gambling; it's now down to $480. Ask yourself if even $650 a head would be the windfall that Miami would want in selling out to gambling. Really, is that all there is?
Will that 26% loss of gambling spending per person slide to even bigger losses as habits shift? An economic researcher in Las Vegas said he sees a permanent slide.
As the Times paints the picture, gambling is far less important to Las Vegas today than entertainment, clubs, shopping and dining — all of which are already strengths in Miami. Just because Las Vegas is edging into our model doesn't mean we should pick up their role, burdening ourselves with casinos. We're doing just fine with our own brand — and bringing in visitors who spend far more than Vegas averages.