Stadium build? Capped at $37M the Pro side Struts around like a peacock claiming how "sweet" this deal has become.
Now we learn the bond referendum over 20 years will cost taxpayers
$67M to $75M because our illustrious "leaders" decided to "pad" the stadium bond with extra funds they could use as O'Grady said "for other purposes" - but that's a story for another blog.
Mayor Saffo claims the ballpark, with interest, will cost $54M.
This is kinda like that financial services ad that plays on TV. A women, obviously American Indian, claims that "so and so" financial services can put $10,000 in your checking account tomorrow. She ends the ad by saying "it's not for everyone".
Read the fine print while the ads playing and you see that interest rate is effectively 89.98%
Yeah - no wonder it's not "for everyone"
What we are doing here is allowing the city to conduct loan sharking for Billionaires. "Just pay da tax bill you lousy whiny taxpayers, or Rocco comes over to yer houze with da baseball bat - get it"?
Taking on $54M so that Mandalay can pay back $10M (and make money while doing it)
You don't say "No"
To a man named Rocco
More information about formatting options