Quote:
Originally Posted by vonBobo
The city didn't budget to be carrying P&L loans for so long. This is exactly what you get when a city bends over for developers, all the risk and very little reward.
And I'm happy that it looks like the city isn't going to add more debt to get out of the current mess.
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What risk? It’s a defined tax that is already being paid. It’s not like there is some balloon payment at the end. The teams would be locked into leases for 40 years.