Ok you are an idiot. What are you, like grade 11? Take some economics in university if you get there, it is pretty interesting stuff. Michael J holds a monopoly over the Kelowna/Vernon accessible mountains (Big White and Silver Star). As one mountain develops, and the amount of traffic increases, two things will happen:
Firstly, if we are to assume the casino will bring more customers to the big white, a positive quantity effect will occur. What this means is that as one more unit is sold, total Big White revenue will increase by the price at which the unit is sold. Because this happens, the 'law of demand' states that there will be a negative price effect. A negative price effect means that in order to sell one more unit, the monopolist must cut the market price on all units sold. If this is hard to believe, I will use Whistler as an example:
2003/04 Season Ticket Prices: $1480 For an Early Bird Unlimited pass. (Taken from the Ski Canada Resort Guide.)
2006/07 Season Ticket Prices: $1369 For an Early Bird Unlimited Pass. (Taken from Whistler Website)
The Reason? Perhaps because of the Whistler Olympic Games, IntraWest has chosen to make the mountain more price accessible for possible investors to observe and gain potential interest. Also note that the lower price change occurred AFTER they opened up all the new bowl terrain and the announcement of the games.
Furthermore, Big White itself spends no actual money on the Condominiums and residential units that are produced. Big White merely lowers the cost of land as more land is produced. This is known as a Consumer Surplus Discount. This means that Big White will indeed have more funds to open perhaps more of the mountain, although I can obviously not confirm that notion with factual information, any more than you can confirm that they will continue to "keep doin the same stuff theyve been doin..putting more condos and useless lifts in."
As well, perhaps the increase in traffic to Big White will help the government of Trail get their heads out of their asses and improve road conditions. Which, to you people may not seem like a huge deal, but when investors are dealt with the ultimatum of less consumers do to unsafe roads, you can bet that they will put pressure on Trail.
