Tourism is among the city’s top three economic engines
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Tourism is among the city’s top three economic engines
By Parkplus

New convention center and arena plan critical to Baltimore’s future

outlet moncler The moncler uomo Greater Baltimore moncler outlet trebaseleghe Committee’s proposed concept for building a new 18,500 seat arena and a 500 room hotel on Conway Street and connecting the arena to an expanded convention center has generated a moncler saldi outlet deluge of media “buzz.” outlet moncler

moncler bambino saldi Reactions to the idea of combining the construction of a $500 million, privately funded new arena and hotel with an adjacent $400 million, publicly funded, expanded convention center have been largely positive. moncler bambino saldi

moncler donna However, we should not be surprised that some naysayers are voicing concern about the piumini moncler uomo need for expanding the convention center moncler outlet online uomo and questioning its value as a business generator. Some have shown their lack moncler outlet online uomo of understanding of state and city financing by suggesting that the bond money being sought from the public sector should instead go toward reducing property taxes. moncler donna

moncler outlet online uomo The Greater Baltimore Committee strongly supports reducing the property tax rate in Baltimore. But suggesting that it’s a choice of either building the proposed moncler saldi arena/hotel/expanded convention center or reducing property taxes is a feeble attempt to mislead the public on the realities of the project. moncler outlet online uomo

moncler uomo Three critical things must occur to move this proposal forward. moncler uomo

piumini moncler outlet during that time, significant private sector financing for the arena and the hotel must be solidified, piumini moncler outlet and the state and city will need to weigh practical options for financing a convention center expansion, should the feasibility study prove favorable. piumini moncler outlet

piumini moncler the state and the city must be prepared to follow up the study moncler donna with a timely and solid moncler outlet commitment to moving the convention center project forward, so that investors feel comfortable launching the construction of the piumini moncler scontatissimi privately funded arena and hotel. piumini moncler

moncler saldi Critics go beyond healthy skepticism into the realm of full blown cynicism by implying that business and civic leaders’ advocacy for a new arena and bigger convention center is ill informed and not in the best interest of the city and state. They ask “when will it end?” They question the need for Baltimore to engage in what they view moncler saldi uomo as a futile and endless race for convention business. They feel that Baltimore doesn’t belong in a competition to be a world class business meeting or tourist destination. moncler saldi

moncler outlet trebaseleghe One commentator naively suggested that Baltimore “should cut its losses” and back out of publicly funding a convention center. But Baltimore is already in the destination business big time. moncler outlet trebaseleghe

moncler outlet serravalle Baltimore is the top visitor destination in Maryland, where tourism is the eighth largest employment sector. Tourism is among the city’s top three economic engines, generating 25,000 jobs in moncler bambino saldi the city, $23 million in city hotel tax receipts, and more than $86 million in state sales tax revenue, according to data from the Sage Policy Group. moncler outlet serravalle

moncler outlet In fiscal 2010, convention center events drew 368,000 visitors who generated an economic piumini moncler impact of $580 million, according to Visit Baltimore. moncler outlet

moncler saldi uomo Do critics really want to give up on this economic generator and not strengthen a Baltimore brand that is already well regarded? And speaking of property taxes, how do you forsake $580 million outlet moncler in economic impact and take a large chunk of $23 million in annual hotel tax revenue out of the city coffers and somehow reduce property taxes? moncler saldi uomo

piumini moncler scontatissimi In proposing to expand the Baltimore Convention Center, we’re not suggesting a $400 million “spec” building. A sufficient number of conventions have clearly indicated that they want to come here but are precluded from doing so because of the limited size of our facility, which has less than half the average square foot capacity of centers in competing markets. Our convention center’s ranking for size moncler outlet serravalle has dropped from 28th to 73rd in the nation since the previous expansion in 1996. (Note that if we hadn’t expanded in 1996, our convention center would now rank worse than 200th.) piumini moncler scontatissimi

moncler bambino outlet It’s also important to moncler outlet online shop understand that our proposed expansion moncler bambino outlet isn’t just about more floor space. It’s part of a piumini moncler saldi concept to create an integrated, highly flexible convention center and attached sports arena to give Baltimore unique meeting and event capabilities that would be largely unrivaled elsewhere on the East Coast. moncler bambino outlet

piumini moncler saldi Our proposal goes beyond simply enabling Baltimore to keep up with competitors. It would catapult Baltimore into a leading competitive position in major convention and event markets to which it now doesn’t even have access. This proposed project isn’t just about keeping up; it’s about jumping ahead. piumini moncler saldi

moncler outlet online shop A fact of life in a free enterprise system is that competition never ends. Changing and growing to maintain a competitive edge is a constant in the business world, and particularly in the world of hospitality and tourism moncler outlet online shop.

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