This isn't about tax money, this is about getting disposable income spent in El Paso and not out of town. The more money locals spend in El Paso, the less they will spend on vacations. As far as tax revenue goes, tax revenue is increased with added properties and/or more valuable properties, it's not decreased.

Your Best Buy example is not very good. First of all, you assume that no other business will be taking their place and of course that will not happen. Look at the Best Buy that used to be on Gateway west before it moved to Mcrae, isn't that some kind of Palmas Del Sol medical clinic? Electronic stores are always changing locations, this will be the 3rd different location in the past 15 years for that particular best buy. Before Circuit City closed down, both their east side and west side stores changed locations in the final 5 years of their operations. Secondly, the city isn't going to lose tax revenue because those stores are vacant, the property owners will still pay their property taxes until they are able to find new tenants.