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bad deal

From what we know
$500,000 per year for lease and land payment
Over 20 years this is $10M
$15/sq/ft office space is miniscule
No concession surtaxes to the city
No ticket surtaxes to the city
No mention of parking fees

over 20 years $37M will cost over $58M
THey pay back $10M
Leaving the city on the hook for $48M minus office space payments

Bad for Wilmington
Bad for taxpayers

Vog

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