When a film production receives $1 in financial incentives, it spends $13.66 in the local economy. Let that sink in. That's a return on investment of more than 1,000%.
This film incentive helps Oakland do more with more. It costs less than $600,000 to implement, and there are already signed letters of intent worth tens of millions of dollars spent here if they receive the incentive.
What if the path to economic recovery is not through backpedaling and austerity, but through targeted strategic investment? The City Council unanimously approved an incentive July 16. Now, they need to release the money.
BART is a public good that benefits all who live in the Bay Area. If all travelers drove cars instead of taking BART, the roads would be far, far more congested than they are now.
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