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NO private financing?

Is this Mandalay's true colors coming out or something else?
Between $36M and $42M I'll split the difference and call it $39M
Wow.
I love baseball but this is way too rich for me and the rewards do not come close to justifying the risk.
Flywheel Trask was going to provide land and they pulled out.
The Cameron Family land was deemed unsuitable due to zoning and access restrictions and the Cameron's did say they did not think that taxpayer dollars should be used. Two very prominent Wilmington families - both out or against the deal.
Now its squarely on the governments "dime". I'm glad to see New Hanover County getting involved but this in itself is a double whammy for some taxpayers.
Back "in the day", when cities were "flush", and there was no recession we could not support the Port City Roosters enough. Now in hard times we're being asked to 100% fund this?
To Council and Commissioner's - end this, end it NOW.
Do NOT spend $400,00 persuing this if there's no private investments being made.
When NSS says things like:

“I think baseball can be successful in Wilmington,” said Brian Parker, who gave the presentation for NSS. “I can't say that it's the right investment for Wilmington.”

It's time to walk away.
No make that RUN away
Best Regards
Vog

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