It's about the city assuming an enormous amount of debt that it simply cannot afford for something that is not a necessity or function of government.
The city is already carrying a large debt load (about $3260 per resident) and tacking another $50-100 million (interest included) on top of an already burdensome level of indebtedness is insane. City taxes will creep up, move up, and eventually take off like a bottle rocket when these inflated, fantastic pipe dreams of stadium success come home to roost.
If the county residents are watching this as disinterested, outside observers, wake up. We've already had two current county commissioners make statements about the county having an interest in the stadium, and all it will take is one or two future election cycles with big contributions from those with financial interests in the stadium, to have the county reaching for its checkbook too. We may not be able to vote on this referendum in November, but you can let your feelings be known and throw a few bucks toward those trying hard to end this nonsense, so they can buy some advertising.
Chad Adams hit the nail on the head when he compared the city council to crack addicts yesterday. They know it's crazy, but they simply can't NOT blow your money.
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