03-19-2018, 07:25 PM
(03-19-2018, 03:47 PM)chutten Wrote:(03-19-2018, 02:38 PM)jordan2423 Wrote: I understand it costs the city money for an event like this, but perhaps they should see how much profit they make due to increased tourism. These thousands of students from out of town definitely helped local businesses, buying food, staying at hotels. So I'm most definitely certain we made a bunch of money off that.
As a wealth transfer from public institutions to private pockets, though. Generally that is frowned upon unless it has a public good (see related: roads).
Oktoberfest is an event where most if not all the money goes towards private pockets. So I don't get what your point is. I can't think of anything anywhere in any city where an event directly helps public institutions.