by Locker Room contributor
The News & Observer editorial board again demonstrated their firm grasp of business and economics yesterday:
It has to be true that groups booking conventions are more likely to
pick an attractive center with full services than an oversized
warehouse with stunted kitchen and meeting spaces.
If the price is the same, then yes, groups are more likely to choose more amenities. They are also more likely to choose Washington D.C. if they are looking for a “thriving capital city.” But Raleigh is a third-tier convention city, so those groups pay less to come here. There’s a reason Kevin Spacey is artistic Director at the Old Vic Theatre and not the Raleigh Little Theatre, much as RLT would surely be glad to have him.
Not quite “it’s not fair,” but close.