why commit public money to support development that many feel should be left
to the private sector? The answer is that there are considerable returns that
come from the development and operation of large headquarter hotels that
are captured by the public sector.
To the extent that municipal and state
governments can achieve a reasonable return on their investment while creating
jobs and an amenity in their city, these types of partnerships can be a
win-win for both private sector developers and the taxpayers.