RobBronson
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Fifth Avenue Landing welcomes mega-yachts to San Diego
Hmmm, let's see. Someone with some capability invests a chunk of money in partnership with the local government to take what is essentially useless shoreside land and builds a facility that generates revenue. Said revenue is subject to taxes (both federal and state) which should (assuming the Sacramento contingent doesn't withhold it) filter back to San Diego. Great piece of journalistic investigation there. I notice that Mr. Potter seemed to neglect the figures that an estimated 10% of a superyacht's total cost is spent in maintenance, or the economic impact from the trickle down effect. That Oracle site has a lot of workers that are staying in San Diego, and they use a lot of local suppliers (like the company that setup the tent). Then again, I suppose if it was a "public" dock, you'd all prefer to have city funds paying for the maintenance and upkeep of the dock, instead of the parties who built it. When are people going to apply a little critical thinking to the news media and come to the realization that journalism is dead-now it's all about sensationalism and trying to manipulate the passions of the readers for the "news" own agenda.— March 17, 2009 5:17 p.m.