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You're falling for a lie

How many times do we have to see these lies?

They are not contributing $10.5M to a total $35M cost. Let's take a look at how it's actually going to be.

Cost of construction: $35M-ish
Cost of the land: $8M-ish
Interest costs over 30 years: $35M-ish (practically doubling the cost as it will with the convention center.)
Operational costs: millions of dollars every year.

That adds to easily over $100M over 30 years, which is what this $10.5M will be contributed over.

It is not $10.5M upfront. It is $350k every year over the course of 30 years. Incidentally, the Braves/Mandalay were supposed to be paying a lease of $300k+ a year, now I don't see it.

So, let's look at the costs just for the first year. Wilmington will spend: $35M + $8M + ~$2M in operating costs = $45M, assuming no overruns.

For that they'll get $350k. Terrible, terrible deal.

For people who want to stop this, go to to download the petition. Get it into us and we can actually stop this with the force of law.


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