Earlier quoted context omitted.
€110m is an absolute bargain for the value that it has generated. Any public official who was involved in making that decision/deal and facilitating the influx of talent/ideas/energy/capital deserves a medal! Lisbon is buzzing now more than ever, thanks in no small part to Web Summit. It was good before, now it's incredible . Say what you want about Web Summit (that's a whole other rant!) it is unquestionably "net po…
It does indeed appear to have been a very smart choice for Lisbon, but that does not address the question of whether this was the main reason for the location selection.
Feels like it's been a "win-win" for everyone (except perhaps the "locals" who have no interest in tourism/tech and have been priced out of their rental accommodation by "AirBnB Landlords"... it's the SF apartment price squeeze all over)
If I were to guess the reason for the selection of Lisbon, it would be this: the Web Summit organising team have to spend much of the year in the city where the event is held. They chose a city they want to be in for their own reasons. e.g: Weather/Climate, Food, Culture, Night Life, Scenery (lots of city parks, cycle/pedestrian areas), Architecture, Surf/Sailing, good International Schools (for those who have children) ... Mostly still "cheap" for visitors.
There's a good reason why people say that Lisbon is like SF but with better weather and more affordable.