What about all the extra sales tax and 'ticket tax' during the event that would have come into the city? Hopefully some other city wanting cash will set up.
You are right. Another city would love to have the revenue.
Mytle Beach, SC is trying the same thing. they are not planning to scrap the rally. (450,000 bikes last year), But they are implementing so many ordinances that someday the rally will pack up and take their $billion$ elsewhere.