Here's a quote from the blog:
"The Wilmington City Council could consider moving forward with a $42 million baseball bond referendum at the next regular meeting on July 10. According to city emails, the council could consider a resolution that would direct staff to publicize a plan to apply for Local Government Commission approval for the general obligation bonds."
Thats two "coulds" and both indicate our city leaders could consider it.
But here's what caught my eye:
"The proposed resolution, sent from outside legal counsel to city finance director Debra Mack, states the general obligation bond would be for $42 million"
Outside legal counsel? From where? Mandalay? If so then there are no cuts to the proposed cost.
" The issue would have to go on the ballot and voters would have to decide whether they want to pay 3.5 cents per $100 of value more in property taxes."
Wheres the beverage tax you refer to? This only addresses property taxes and property taxes alone.
From outside counsel no less......
Like I've said the mayor said more skin was needed at $32M
Then the Trask private funding dried up
Oh and by the way according to the Forbes article stadiums that have consistant attendance above 500,00 per year generate good ad revenue and "naming rights" revenues.
Otherwise advertising and naming aren't big deals and this stadium will NOT go over 400,000 - ever according to NSS.
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