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[QUOTE="Millhouse, post: 935886, member: 78"]
[B]The cost of building the dome in today's dollars is s bit less than $80 million. The state's gift would be about $40+ million. What is the true replacement cost of the dome if it were replicated today - a helluva lot more than 80 million.  Due to inflation in post construction years, the state built the dome with cheap money and the nominal revenues were generated during much higher price levels. Because of this alone, there is little question that in nominal dollars the dome has been an enormous financial success.[/B]
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Just because it would be much more costly to rebuild the dome now (200M based on jackson state plans to clone the dome) does not mean it was an enormous financial success.  It just means that it's better than building the dome now.

[B]That said, the Net Present Value of the tax revenues over the next 30 years is probably in the $1 to $1.5 billion range with about a 5% discount rate.[/B]
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How are you arriving at those numbers?  Personally I think that discount rate is pretty low for a project of this scale with so many uncertainties (conventions, tourism, development around it)
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