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Promotional Booklet Page 6
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‘Motel Tax Growth
rooms within only five years of their
.strodome’s completion,
On this basis, the Stanford Research
Institute tax collection study seems quite
conservatively based, an indication of
additional financial safety for the domed
stadium project.
20,000 New Jobs
In Houston, Texas, a 10,000 room expansion of
hotel facilities will have been accomplished
within only five years of the Astrodome.
Locally, 10,000 rooms can also mean 20,000
jobs directly or indirectly. Many of these will
go to unskilled labor. Some 2,500 meaningful
jobs for the hard-core unemployed at only
$70 weekly would produce potential welfare
and unemployment compensation savings of
$9.1 million annually, far more than the cost
of stadium bonds,
LOUISIANA SUPERDOME INCOME
A sales tax on hotel and motel rooms in
Orleans and Jefferson Parishes is the backbone
of Superdome financing.
‘The highly reputable Stanford Research
Institute has in effect projected that the
hotel-motel tax by itself will pay off stadium
bonds annually by only the tenth year of
operation.
Stanford predicts a collection rate of $6.5
million by 1984, the tenth year of debt service
‘on proposed construction bonds.
Coincidentally, payments of interest and
principal on $93.5 million of 35 year, six per
cent bonds would approximate $6.5
million annually
‘To meet the 1968-1984 Stanford projections
an estimated 9,000 new hotel rooms must be
built in the New Orleans area during this
16-year period. As of January, 1970, 2,300
of these rooms were already under construction
or recently completed, leaving a requirement of
only 6,700 new rooms to attain 1984 goals.
Houston, Texas has added 10,000 new hotel
Revenue Source 1974 1984
Parking Complex 2,540,000 3,585,000!
Hotel-Motel Taxes 2,500,000 6,500,000
Major Football 1,425,000° 011,000!
Guided Tours 450,004 635,000!
Signboard Adv. 300,000 © 423,000
Stadium Club. 100,000 ' 141,000
Private Boxes 200,000® 282,000!
100 Event Days* 200,000" 282,000!
200 Event Days* 1,300,000! 1,834,000 !
Annual Income $ 7,815,000 $ 13,858,000
to.8,915,000 to 15,410,000
dorage stendanes at 86; Ronit 13k S30 pe person
ita Sonceatons rt W abeertane 35Ga88 ba
suvfecieae
1G ever days at $30,000 admiasions, 20% ental
320 per person concessyons and TW Advertsing
Civic-Business Leaders Endorse Project
DEAN ROGER W. RICHARDSON, College
of Engineering, Louisiana State University:
“This is the most important project of the
century for Louisiana.”
VICTOR H. SCHIRO, Mayor, City of New
Orleans (1961-1970) “a fabulous undertaking.
‘The dawn of a new era of greatness for our
historic city.”
LAURANCE EUSTIS, Chairman Citizens
Advisory Committee: “I regard the domed
stadium project as absolutely essential to the
economic progress of our community.”
BROOKE H. DUNCAN, Vice Chairman,
Citizens Advisory Committee: “This project
can very well become one of the biggest new
industries in our state’s history.”
DEAN JOHN LAWRENCE, School of
Architecture, Tulane University: “Beyond
the fact that the facility will incorporate
totally new and, I believe, prophetic concepts
for entertainment, education, and recreation,
it is for other reasons the right facility in the
it place at the right time.”
DR. LEONARD L. BURNS, Chairman,
Louisiana Tourist and Development
‘Commission: “It is unfortunate that many
people seem to visualize a great luxury sports
stadium. Actually, the Superdome is the most
significant public-use building ever designed
anywhere, usable 365 days a year and worth
hundreds of millions of new dollars to
Louisiana’s tourist economy.”
ROBERT E. EWING, Jr., Board Chairman,
Shreveport Times, Inc.: “This is the kind of
positive action the people of Louisiana have
been waiting for.”
JAMES NASSIKAS, President, Louisiana
Hotel-Motel Association: “Houston, ‘Texas has
experienced a 10,000 room hotel expansion
since completion of the Astrodome. ‘This far
more usable building should accomplish at
least this result in New Orleans, Louisiana.”
J. B. DELERNO, President, Louisiana
Restaurant Association: “Phe Superdome will
mean millions of new dollars to Louisiana’s
restaurant industry.”
DEAN GERALD McLINDON, School of
Environmental Design, Louisiana State
University: “The future is most right for this
stadium-auditorium.””
ROBERT SONFIELD, President, Maison
Blanche Company: “This concept of
multi-usefulness is breathtaking, far beyond
our expectations.”
ERNEST N. MORIAL, State
Representative: “A tremendous advancement
‘over Houston's Astrodome in year round
usability. Ultimately, this usability means
thousands of new jobs—jobs which are sorely
needed in our ares.”
VICTOR E. SCHWENK, General Manager,
New Orleans Saints: “There has never been a
building like this anywhere. The Saints are
delighted.”
JOSEPH W. SIMON, Jr., Executive Vice
President of the Chamber of Commerce of the
New Orleans Area: "The Louisiana
‘Superdome’s effect upon our economy will be
electrifying.”
The Louisiana Superdome project has also
been enthusiastically endorsed by the
Chamber of Commerce of the New
Orleans Area; Louisiana AFL-CIO, Victor
Bussie, President; Greater New Orleans
AFL-CIO, A. Pat Stoddard, President;
Building and Construction Trades
Council, Davy P. Laborde, Sr., President;
‘Teamsters Local Union No. 270, Charles
D. Winters, President; Maritime Trades
Council, Lindsey J. Williams, President,
and scores of other groups throughout
Louisiana,
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