As a City nerd, I wanted to let you all know that the Street Closures related to the Academy Awards (with their 40 million dollar production budget) are absorbed by the City of Los Angeles. Like the resources allocated to Staple's Center events, Dodger Games, and other events in the City, the fees related to traffic control, street closures, etc. are waived. This year, the costs & fees waived by the City are estimated at 75,000 dollars. Should the City absorb that cost to be home to this worldwide event? With the production's budget as large as it is, should they be required to pay for these services?
Annually, the City waives over 12 million dollars worth of fees for special events. Should they?
3 comments:
Did you ever stop and think about the benefits of these events taking place in los angeles. How about the return on these fees being waived: hotel bed taxes, sales taxes from stores and restaurants. Why don't you ask how much tax revenue was generated last year by 12 m in fee waivers. Did you know the LA Triathlon generates some 7 m in tax revs to the region? How about the money from the hundreds of events at staples ctr and dodger stadium?
Yes, well, conventions can threaten to go to other cities, sports teams can threaten to move, but I'm pretty sure that the Academy would be more willing to pony up an additional $75,000 a year than to go to Pittsburgh.
The Trianthlon is a COMPLETE crock. Do you know a single person who competes in it? A single person who watches it? When are city officials going to wise up and stop tying up city streets and city resources for this laughable crap?
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