I am not disputing the benefit to local businesses etc. that the VC generates, or that conferences make more than shows or concerts, and I am not on an anti VC mission.
I am trying to understand, the financial figures, mentioned before, if I was manager of a business, and the owner asked why I was running at a loss, and my excuse, was, not to worry, the local hotels etc were doing well from us!!
I have spent my entire working life, running businesses, as a manager and an owner, so when I see losses over a ten year period of £20.000.000 I really am at a loss to accept this situation.
there is not one private owner who would accept this, they would have questioned and tried to resolve the problem, if unable to do so, they would have gone bankrupt, they would not have access to the bottomless reserves available to council operations.