tag:blogger.com,1999:blog-8957911.post2560746628832656411..comments2024-03-27T21:41:50.122-07:00Comments on Iron Tongue of Midnight: The City of Oakland's Financial PrioritiesLisa Hirschhttp://www.blogger.com/profile/14014924958428072675noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8957911.post-58842640540183546762010-01-25T22:08:05.151-08:002010-01-25T22:08:05.151-08:00Your understanding of "recoup" is differ...Your understanding of "recoup" is different from mine. Money that goes into the general economy isn't directly recouped by the City. The City will recoup what's paid directly to the City as rent.Lisa Hirschhttps://www.blogger.com/profile/14014924958428072675noreply@blogger.comtag:blogger.com,1999:blog-8957911.post-19411162112624458132010-01-25T17:01:25.418-08:002010-01-25T17:01:25.418-08:00Restaurant should get about $4 million revenue per...Restaurant should get about $4 million revenue per year. Assuming the margin is 20% (which is very generous), that means a $3.2 million of revenue that go to jobs and taxes. The restaurant's operator put in $2 million, so the investment will be recouped in 6 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8957911.post-30462528589168339702010-01-24T16:38:02.270-08:002010-01-24T16:38:02.270-08:00Wish I could edit that comment to correct it's...Wish I could edit that comment to correct it's to its. That said, $22 million, and mostly low-paying restaurant jobs.Lisa Hirschhttps://www.blogger.com/profile/14014924958428072675noreply@blogger.comtag:blogger.com,1999:blog-8957911.post-58085919788450428452010-01-24T16:33:27.282-08:002010-01-24T16:33:27.282-08:00150 new jobs...
new tax revenue...
Bringing Lake M...150 new jobs...<br />new tax revenue...<br />Bringing Lake Merritt back to it's former beauty.<br />Oakland restaurants getting reviewed in NY.<br /><br />Sounds like a good start to a new Oakland.Anonymousnoreply@blogger.com