QUOTE(Cutlass @ Feb 15 2006, 02:12 PM)
We just need to agree with the assumption that 150,000 to 200,000 downtown visitors and a new 300-room Marriott would be a good thing for Lancaster and don't waste anyone's time focusing on voodoo economics. Just focus on what can reasonably be estimated.
I agree with most of your post, and I agree on the need to focus on what can be reasonably estimated. One of the things a real study must concentrate on is the actual number of day and overnight visitors these facilities would attract. If you've read the original PricewaterhouseCoopers study, it is obvious that there are no good reasons for them to have concluded 150,000 to 300,000 will be the actual number of visitors.
I can live with a return on investment of anything greater than 1.0, as long as ALL public and private funds from all sources are factored into the equations.