Council Expects 100:1 Return On All-Star Game
Kansas City, MO – Kansas City's city council honored the old adage "it takes money to make money" yesterday, voting to pick up the tab for the considerable expenses related to hosting the 2012 All-Star Game.
City Manager Troy Schulte gave the council what might have been a staggering cost estimate if not for his projected return-on-investment. Schulte told the council his staff estimates the city's expenses at $500,000, but expect an economic impact of over $50 million in return.
Those numbers were enough to persuade even the most frugal council members... and the mayor. The vote was unanimous to fund the long list of events that will take place the second week of July in 2012.
Events include a Fan Fest, a charity concert, a home-run derby, a "fun run," and the All Star Game itself.