"...that public funds are necessary to proceed..."
What public funds are being used? We're talking bonding capacity. It might be right to say public financing. But when you say public funding or public funds, people think you're opening up the treasury and handing over money collected from taxes.
Doom: You're stupid.
Will: You're even stupider (if such a thing could be possible).
I suspect Conlin voted against this thing because he is contemplating a run for mayor, and it assures he gets his name singled out in print while knowing the deal will pass anyway. It's an old trick. I've been around City Hall too long.
@3 TI asks 'what public funds' worried "people think you're opening up the treasury and handing over money collected from taxes".
Because the deal is allowing ArenaCo to use future taxes owed to instead help pay down the debt, we are diverting $160M (or whatever) into this arena. Diversion of future tax revenues is "handing over money collected from taxes" in many people's view.
Using these to pay for the part of construction in general is directing these monies to that "city" purpose. Not the best choice of places to put money in many people's view as well.
And McKnieval's misdirection of city resources for the past year into this deal has already widened the canyon, and will do so well into the future.
A bit more Seattle process could have helped here perhaps...
Buh bye!
What public funds are being used? We're talking bonding capacity. It might be right to say public financing. But when you say public funding or public funds, people think you're opening up the treasury and handing over money collected from taxes.
Will: You're even stupider (if such a thing could be possible).
I suspect Conlin voted against this thing because he is contemplating a run for mayor, and it assures he gets his name singled out in print while knowing the deal will pass anyway. It's an old trick. I've been around City Hall too long.
Hey, you overspend it, I just call it what it is. You can't overcharge the bonding limits without approval.
Can't squeeze blood from a turnip that's already been crushed with massive debt stones.
Because the deal is allowing ArenaCo to use future taxes owed to instead help pay down the debt, we are diverting $160M (or whatever) into this arena. Diversion of future tax revenues is "handing over money collected from taxes" in many people's view.
Using these to pay for the part of construction in general is directing these monies to that "city" purpose. Not the best choice of places to put money in many people's view as well.
And McKnieval's misdirection of city resources for the past year into this deal has already widened the canyon, and will do so well into the future.
A bit more Seattle process could have helped here perhaps...