Here is a 1992 letter-to-the editor. About a year after a proposal to build a city swimming pool in a city park by Lake Monona was defeated, there was a referrendum on the Frank Lloyd Wright-Monona Terrace Convention Center. That passed, and the Convention Center opened last weekend (July 19-20,1997). Editor: Last summer I was circulating petitions to put the Lake Shore Preservation referendum to the voters. It was the only way to stop the city from building a swimming pool in Turville Woods. Many of my supporters in that effort think that a convention center on Lake Monona is a similar mistake. Perhaps, but this is an entirely different matter. A swimming pool could be used for only a few months a year (how often would you have used it this summer?) and could never pay its own way. The proposed Wright convention center is both an all season facility and a potential source of revenue for the area. It will probably be rejected by the voters next month - not because it is not a good project but because its supporters are not doing the accounting/financing in a way to make it appeal to city taxpayers. In the MADISON EDGE Chris MacIntosh describes the convention center as a gamble the citizens shouldn't take. Maybe it will pay off and maybe it will not, he says. But his article misses the main point from the view of the city property tax payer; namely that it is a no win situation. Even if the convention center does well, the taxpayer loses. They pay for the convention center but don't share in the revenue it generates. But it could be otherwise, and like the lottery tax credit,it is largely a matter of accounting. Dane county has a one-half percent sales tax and Madison has a hotel room tax, so the "convention business" can make money. The John Q. Hammons Holliday Inn Convention Center in Middleton is a convention center run for profit. Why not let the citizens in on this with a property tax credit equal to some portion of the convention generated tax revenue? Perhaps the largest potential source of revenue from the Wright convention center is the nearly 600 place parking ramp. Current plans call for collecting about 0.5 million dollars per year from parking. This is about one third the estimated operating cost of the center but is less than $4 per day per parking space. In a policy that defies common sense, the city seems determined not to make money from downtown parking and instead uses parking ramps to undercut the bus system and deprive would-be shoppers of parking space at the same time. The city seems to think that it has a 'captive audience' in the property tax payer - when they need money, raise property taxes. But people can (and do) leave Madison to live in Verona, Sun Prairie, etc. But Madison does have a source of revenue that cannot leave: the state, county and city employees who work downtown. I suggest that the parking rates be restructured. Starting with the street level floors of the ramps the rates should be free for the first hour and then a dollar an hour with a $5 surcharge for parking before 9 am. This would greatly benefit downtown shopping and put downtown merchants on an equal footing with the malls in competing for customers. With downtown parking priced to generate revenue, the Wright center parking ramp could cover most of the operating expenses of the facility. Rental fees plus sales and hotel room tax credits would open the possibility that property tax payers and not just downtown merchants might benefit if the convention business does well. Of course no one can guarantee that the credits will be greater than the increase in property taxes needed to fund the center. But Madison citizens would be much more likely to approve the convention center referendum if they have a chance to benefit directly from it. James E. Blair