Wilmington made it in the NY Times a year ago.
I advise everyone, specifically the City Council and proponents of this stadium to read this article again and explain how spending $42M or any money on a stadium makes any fiscal sense. How does this type of transaction not move Wilmington one step closer to bankruptcy? Seriously, this does not take an MBA grad or CPA to figure it out. Just read a few highlights from the article:
"But like local governments across the country, the City of Wilmington has been demonstrably diminished by five years of unyielding economic despair. That a place like Wilmington, until recently a real estate boom town, would defer a purchase as essential as a fire truck for even one year, much less five, speaks to the withering toll."
Again, this was one year ago. The Mayor, Council and proponents of this stadium need to address each issue in the article and explain how this makes any sense. If its a great investment, then private investors would be writing the check yesterday. Its not. Please do not make this town look pathetic.
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