But the mayor said he could not take a chance on the money coming in, as he did years ago. After the Tall Ships event in 2000, the state failed to reimburse the city for the public expenses of putting on the spectacle, which typically boosts state tax revenue through meals and sales taxes but does little for the city coffers. This time, Menino has asked the Sail Boston to provide the money for public safety up front.
The Mayor is right on this. Cadillac Deval needs to put up the cash...
No, the mayor is dead wrong. The millions spent in the city would result in enough income that city taxes on that alone would make up for the cost. On top of that, it would have helped the struggling restaurants, hotels, etc. Very short sighted. Word is NJ is actively trying to get the tall ships to go there next year instead. Classic case of cutting off the city’s nose to spite its face...