Especially during the Obama Depression , cities should be refraining from irresponsible spending and exercise frugality. The City of Wilmington continues to defy economic realities by pursuing white elephant projects that do not stimulate economic development. Politicians , like Saffo , try to hoodwink constituents into using the word investment , which is synonymous with spending.The mayor and his council has a very poor business acumen, which was reflected in their construction of the convention center. It was to defy national trends concerning convention centers.The reality is it will never generate a positive cash flow for the community and thus far as not secured a hotel. A very poor investment thus far.We have seen nationally what Obama's investment have garnered us....$ 5 trillion in debt with nothing to show for.The fact that NO prudent businessperson has come forward with a viable plan should be telling for those paying attention. NSS was paid by the city to give them the answer to their so-called investment. The failure to invest in sound infrastructure will impede economic development.These white elephants are like living in a dilapidated trailer house with no heating and air with a S 500 Mercedes parked at the front door with no definable driveway.In order to finance their irresponsible ways , they would implement the annexation tool by balancing the books on the backs of the taxpayer. Now that this immoral action has been struck down the city should be challenged trying to establish a budget and maintaining a good credit rating.
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