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Excellent analysis Mike

You've captured the essence of the deal. This is very attractive structure for city. The overwhelming share of the benefits will go to the public and frankly dwarf the returns to the private investors by as much as 5X in most scenarios in my view.

Let's not forget that this is a meaningful infrastructure in its own right....our economic infrastructure. Those cities without targeted investment to maintain or enhance their competitive position -v- other areas competing with us as a place to live, work and play, face decay and inevitable decline.


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