Submitted by GuestofReason (not verified) on Tue, 10/30/2012 - 9:46am.
Imagine, Vog, if the property was financed at say 80%. That means $720,000 would return $1.8 million profit in 6 months. That works out to a 500% annualized return. Pretty nifty for the chosen few.
The returns that really matter to taxpayers and the city are two:
1. Election returns next week: The shameful stadium tax bond referendum goes down in defeat.
2. Next municipal election returns: Tossing out the mayor and his city council cohorts that wasted so much taxpayer money and time on this project and voted for this ignominious albatross.
Returns
Imagine, Vog, if the property was financed at say 80%. That means $720,000 would return $1.8 million profit in 6 months. That works out to a 500% annualized return. Pretty nifty for the chosen few.
The returns that really matter to taxpayers and the city are two:
1. Election returns next week: The shameful stadium tax bond referendum goes down in defeat.
2. Next municipal election returns: Tossing out the mayor and his city council cohorts that wasted so much taxpayer money and time on this project and voted for this ignominious albatross.
Vote NO Stadium TAX!