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 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