Quote:
Originally Posted by dalakhani
Gulfstream has racing dates from the beginning of January until the end of april. It sits vacant for basically two thirds of the year. How is this economical if racing is the basis for all of its revenue? That sounds like a pretty poor business model to me. If I opened a restaurant, how am I going to make money if I'm closed two third of the year and when I'm open, I only fill 10% of my tables?????
Remember now, I still have to pay taxes on my swath of South florida real estate. I have to maintain it as well during those off months. How is this economically feasible?
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Again how does it help the racing product? They have a casino and restaurants within the racetrack that are open year round as well as simulcasting, and those things feed money into the racing product.
How is it economically feasible? You keep using projects that are bleeding money as an example of your vision of the future.
The real problem with Franks vision of Gulfstream other than him refusing to listen to anyone about anything is that the area didn't need more retail shops or restaurants, hence the place being empty. Everything sounds great in theory but the reality of the situation is that he is serving what is already overserviced EXCEPT for the racing product.