(10-15-2014 12:43 PM)POTUS#4 Wrote: (10-15-2014 11:37 AM)BleedingPurple Wrote: ...as it will have many advantages afforded to it the private hotels do not. ...
Can you clarify? Are you talking about financial advantages (tax breaks, cheap rent?) or just location/affiliation type advantages?
Those type things you mention could very well be afforded to this project which could be unfair to a total private entity with which it competes. As long as it doesn't find itself feeling pressure to under-price what it offers (which should be much more than the local lodging industry currently offers) then by all means move forward.
I simply don't want us to have a dip in the economy as we had in 08 where people and corporations stop spending, traveling etc. and occupancy rates take a nose dive for the area. Then this entity decide to pull customers in from the Holiday Inn Express by lowering its prices to compete with the everyday traveler.
It should be established to cater to a specific clientele. There should be enough market research done to be very positive that its competition the Homestead and the Greenbrier except for the special events like a JMU homecoming where there is always a shortage of rooms.
It already is proving it needs government support just to get built, thus is already in a favorable position relative to a private business.
On a much grander scale, we have two hospital systems down in Charlotte. Presbyterian/Novant and the CMC system. CMC has a lot of government backing and receives millions of dollars to help offset the cost of treating emergency room patients. Presbyterian does not receive this money.
Now, take a look at the upper management of CMC. There are 19 executives who receive over $1M in compensation. One can take a real quick look and tell the tax payer is not supporting the emergency room, but rather some top brass at CMC. Presbyterian is off doing its own thing and doing it very well, but not throwing anywhere near the money in the direction of the top earners as the more publicly funded CMC does.
By the way, if your desire is to make a lot of cash in your lifetime, finding your way to the top of a hospital can become very financially rewarding whether public or private.