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MeanWhile, back @ theRanch, (City Hall)

With grandoise Ideas about a New Basball Stadium, built, Based on Property Taxes et al.
We are facing a very Possible "Double-Dip" recession,, Lordy, tell the truth what this is,*MSN*, eg Mainstream news.. a DEPRESSION.
Based on the Housing Boom & Bust, Declineing proptery values, that reflects on in tax base created/collected...
Wilmington, is reported to be facing a 13 MILLION short-fall in the City Budget...

So if the recent New Hanover County tax base revaluations hold true at a 8.21% DECREASE, then Wilmington, (the city) can also expect a $4.3 million loss for the city if there is no adjustment to the tax rate. Unless the City holds taxes "steady" or Increases them... meaning they, (the City) would have to increase tax value on propertty, by 4 cents per 100.00 to "stay even NOW".

i'm not sure, though i'm fairly postive that this "short-fall", Wilmington is facing is on "DEBT-SERVICE" on bonds that are already out there.

If i were looking to get "re-elected",
First thing Wilmington needs to do, is PAY DOWN, and try My darndist to eliminate the DEBT that the city carries...

2 & 3-->Bring JOBS to the area, thats Job #1 to the City, Secondly, We need to update & Fix our ailing Infrastructure ,& roads

4 Getting those done, putting more people to work, would benifit everyone, reducing crime as more people have jobs, Am I on the right track here? I ask you the reader....

5. About the *Mega-Port*... I'll leave this comment. Look at the Baltic Dry index, Now, is sitting around ,hitting all time lows,(It's the Shipping Index for those whom don't know), IT IS NOT a very good time to invest in a Huge Project like this....
I think Making continued "improvements" to our existing Port & Improving the Railway & Road access would be a better Idea...(NOT by building another bridge to no-where either)

6. Get rid of that Monster called the cfpua, or have it "re-structured"....Billing residents ONLY for the amount of water *used*, NOT some crazy 3 tierd structure, taking money from people that can/ or use very little water.. Mean-while, creating "incentives", to "re-use" grey water, for other uses, such as watering your garden or Lawn.Promote the use of "rain-barrels".. Both of these incentives could creat plumbing oppertunities & Carpenter/roofing/gutter hanger jobs.

7. Thinking right NOW, mainly about "gas prices", I expect to see our Tax/Sales recepts to further DROP this coming summer, Along w/the Hotel room Tax, as people decide to "Staycation" at home this summer,Not visiting the beach/Hotels, If it holds true that gas prices are going to Increase almost to 5 dollars/gal this coming summer.... As a Mayor of a Tourist Town, I would keep THAT in mind...

Back on Topic, this *BaseBall* Stadium, We just cannot afford "right now", even to "study" the issue.. much less build one. UNLESS it is paid for with PRIVTE Investment & Captial! There are more PRESSING issues facing Wilmington, than trying to bring a Ball team here... at this point, (I'd follow the money), to find out whom this is going to benifit personally, not just by Money, though "EGO'S" could have a hand in it, though I'm leaning towars "follow the money", because it sure isn't the City residents that own property in ILM that will be benifiting on this Issue, ones that most likely that don't care nor can affored "another" Tax Increase on this Huge White Elephant, ( Or the One that yet has turned a dime of Profit on investment), in the Roomeg the Convention Center, (As if it wasn't enough shoved down our throats, or errrm, up OUR collective rear-ends),... NOT that I'm against it, IT could be a "Multi-use" Stadium , be nice to get some Big name, decent Music bands here...


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