City says the bond is capped at $37M, but it will cost much less.
Lets assume $32M
Now lets combine all offers:
-$6M for land donation by the Camerons
-$10M that Ripken says it can save if THEY built it.
-$16N pg 126 NSS report of private Mandalay funding $400,000 + Property taxes for 20 years EQUALS????
$0 tax payer dollars
The city (rightfully so) pays for water sewer improvements like they would for ANY private business to be located here.
Take the Camerons land donation, and let Ripken build the stadium for $10M less, and let Mandalay proceed with lease & tax payments.
Voila - "paid for" stadium
Who said it couldn't be done?
Funny how those numbers are working out for us isn't it?
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