Quote:
Originally Posted by Cappy
It has been established on here already that a CRL is still a public funding. so thats about 450 of 900... then add the lack of interest gained on the ticket tax loan. The remediation of land. the infrastructure changes. and any shortfalls. 2/3 is probably accurate.
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How do you know that the city is paying for the remediation? or the shortfalls? Or that the city is lending the ticket tax money? KK said that they'll look at commercial financing as well. And again, you're just completely ignoring any benefit the city gets from owning the land and the building and getting a slice of the operating income. That would be inconvenient to your argument.
The infrastructure would have to be upgraded to develop this land at all. Are you a proponent of letting this prime real estate sit there for another 3 decades?
You raise some good points but your reaction is pretty aggressive, given the amount of things that you don't know.