Vets to be expanded
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  1. #1
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    Re: Vets to be expanded

    Stupid, dont understand it, whats the DSM convention center for? I hope they shoot this down. Use the money towards a new courthouse.



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    Re: Vets to be expanded

    Quote Originally Posted by 4429 mcc View Post
    Stupid, dont understand it, whats the DSM convention center for? I hope they shoot this down. Use the money towards a new courthouse.
    No no, silly. This is just fine. Then later they can push a sneaky vote for $150 million in bonds during a part of the year when they public isn't paying attention. And for those that do pay attention, they will claim the money is necessary because DHS workers have to be close to accused criminals when inside a courthouse. Imagine that.

    Nevermind that a lot of the money will go to fancy judge chambers and better offices for the bureaucrats. Social workers are near criminals! How could we be so stingy with over $100 million. Heartless says I.


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    Re: Vets to be expanded

    What a colossal waste of money! Spend the $$ to fix the birdland levee.


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    Re: Vets to be expanded

    I have absolutely no idea why this would be a good idea. Any takers to explain it?



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    Re: Vets to be expanded

    Quote Originally Posted by BryceC View Post
    I have absolutely no idea why this would be a good idea. Any takers to explain it?

    Cuz.



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    Re: Vets to be expanded

    I can't think of a better time to expand a auditorium that we need so much



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    Re: Vets to be expanded

    Supervisors agreed to move forward with a new 30,000 square foot ballroom on the west side of Veterans Memorial Auditorium that would share the ground level with the arena space. The lobby would also be renovated.
    So Shawn Johnson can tango for all of us? Idk God this is so stupid.



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    Re: Vets to be expanded

    Because they are losing money hand over fist on conventions so this extra space will get organizations to say yes and stay in DSM and spend in DSM so in the long run it will be worth it...I originally thought the same thing until I talked to a friend there about this.


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    Re: Vets to be expanded

    41.8 million? pfff... give that money to me and I'd do thousands of better things with it than that. Huge waste of money IMO.


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    Re: Vets to be expanded

    Quote Originally Posted by BryceC View Post
    I have absolutely no idea why this would be a good idea. Any takers to explain it?
    Phase 1: Expand Vets
    Phase 2: ???
    Phase 3: Profit



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    Re: Vets to be expanded

    Quote Originally Posted by clones26 View Post
    Because they are losing money hand over fist on conventions so this extra space will get organizations to say yes and stay in DSM and spend in DSM so in the long run it will be worth it...I originally thought the same thing until I talked to a friend there about this.
    I'd like to see the numbers to believe it, if they're losing to Omaha its one thing if they are losing to Vegas,Minne,KC or Chicago its a whole other boat....cant compete with those cities.



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    Re: Vets to be expanded

    Quote Originally Posted by AIT View Post
    Phase 1: Expand Vets
    Phase 2: ???
    Phase 3: Profit
    How much of a profit does Vets make? If anything I bet they run at a loss and it would take a heck of a long time to make that money up.



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    Re: Vets to be expanded

    Quote Originally Posted by AIT View Post
    Phase 1: Expand Vets
    Phase 2: ???
    Phase 3: Profit
    +1

    If a convention is going to pass us by because HyVee Hall isn't big enough, are they going to come and split the convention between HyVee Hall and Vets? They cut too many corners on the Iowa Events Center and now they are trying to buy their way out of it. They made the same mistake with the Well. Now that we have it, we find out that we are a couple thousand seats short of surrounding arenas and the big events are still passing us by.

    The proper improvement to Vets would be a wrecking ball followed by an entertainment district (See the P&L in KC), or a major convention hotel. The only crappier way to invest this cash would be to give it to GM.



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    Re: Vets to be expanded

    "Edwards said the study conducted eight months ago shows that 10 years after the expansion is completed, 43 additional conventions could bring $38 million to the city."


    #1 I'm willing to bet these numbers are inflated

    #2 So it's going to take more than 10 years to earn the money back. That's a lousy ROI.

    #3 Are they saying that none of those conventions would come to DM anyway? Is the barn really going to be a big draw?

    #4 What are the expenses for maintenance and employees for the next 10 years?

    #5 After 12 years and you finally break even (best case scenario) then they will be asking for money again.

    STUPID.



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