Opinion: Laguna subsidizes day trippers more than $34 million yearly
Opinion: Laguna subsidizes day trippers more than $34 million yearly
- September 13, 2024
- Jim Danziger, poli sci, Laguna Beach Independent, Sept. 13, 2024 (Opinion)
Jim Danziger, UC Irvine professor emeritus of political science writes, “Many thoughtful people in Laguna now accept the analysis (from 2017) that Laguna’s government and residents subsidize visitors by more than $20 million annually. … Where did the $20 million plus number come from? Seven years ago, four of us (a UCI economist, a senior Irvine Company exec, John Thomas, and I) did a detailed quantitative analysis of all the revenue that visitors generated for the city government …. We computed the costs that the city bore to deal with all the visitors …. We concluded that the revenue minus the costs equaled an annual net loss to our city government and residents of more than $23 million.”
For the full story, please visit https://www.lagunabeachindy.com/opinion-laguna-subsidizes-day-trippers-more-than-34-million-yearly/.
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