Quote:
Originally Posted by Tinordi
The city's balance sheet has an opportunity cost. If it didn't, the city could go on loaning money to build anything and everything it wanted.
I'm other words, the city's credit rating isn't some magical source of free money. Using it to fund a ticket tax and create a CRL takes away from using it for other purposes.
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No it's not. But it also doesn't become more expensive in a linear fashion with each project.
They are not anywhere near having an over-burdened credit rating. So unless there are numerous other large projects also competing for the same credit rating guarantee, this isn't a concern, or a net cost.