I don't know about you, but if my town were to hike my taxes to cover the potential risk associated with 1000's of out of town "guests" plus spectators ... I would be pretty pissed Mike. So which group of people do you want to piss off, the out of towners or the permanent residents?
You want the people that bring all that extra money into the area to spend more? Pull out and let the restaurants and motels cry.