May 13
Mr. X commented on Hedge Fund Manager Hansen Hedges His Bets, Cuts Backup Deal to Move NBA Kings to Seattle.
May 12
Mr. X commented on Hedge Fund Manager Hansen Hedges His Bets, Cuts Backup Deal to Move NBA Kings to Seattle.
@13,
I was right there with you on up to the part where you said this deal meets the requirements of I-91, because it doesn't.
I was right there with you on up to the part where you said this deal meets the requirements of I-91, because it doesn't.
May 5
Mr. X commented on Boycott the NBA Playoffs!.
@9,
I grew up in this former NBA city, and I don't care either.
I grew up in this former NBA city, and I don't care either.
Apr 14
Mr. X commented on Saturday Morning News.
@21 and Chris Hansen's flack,
Correct me if I'm wrong, but I'm pretty sure that the "new" revenue that stadium supporters like to cite only covers the face value of $200 million in bonds (assuming, generously, that returns are as anticipated and that Hansen et al don't come back asking for additional publicly-funded infrastructure and/or to "restructure" their agreement - both of which are VERY likely prospects), and not the interest on that debt. We get to pay that - and that WILL come from other local funding sources that could go to real public needs.
@47,
It's not what Hansen is doing with his money (and don't kid yourself that this is just some altruistic charity deal - he's looking to make a lot of money by rezoning industrial property to build his new "entertainment zone" and whatnot) - it's what he's doing with the public's money.
Correct me if I'm wrong, but I'm pretty sure that the "new" revenue that stadium supporters like to cite only covers the face value of $200 million in bonds (assuming, generously, that returns are as anticipated and that Hansen et al don't come back asking for additional publicly-funded infrastructure and/or to "restructure" their agreement - both of which are VERY likely prospects), and not the interest on that debt. We get to pay that - and that WILL come from other local funding sources that could go to real public needs.
@47,
It's not what Hansen is doing with his money (and don't kid yourself that this is just some altruistic charity deal - he's looking to make a lot of money by rezoning industrial property to build his new "entertainment zone" and whatnot) - it's what he's doing with the public's money.
Apr 13
Mr. X commented on Yes, Liberals, We Should Sue That Anti-Gay Florist.
What the poster @ 86 said.
I too support the enforcement action, but I have no illusions about the fact that that it will also make for one hell of an effective 30-second TV ad in some swing state where LGBTQ rights are on the ballot.
I too support the enforcement action, but I have no illusions about the fact that that it will also make for one hell of an effective 30-second TV ad in some swing state where LGBTQ rights are on the ballot.
Apr 12
Mr. X commented on Latest Fundraising Reports Reveal That Nobody Wants to Be Mayor.
@16,
If you put the stadium proposal on the Seattle election ballot, it would lose.
If you put the stadium proposal on the Seattle election ballot, it would lose.
Apr 11
Mr. X commented on Latest Fundraising Reports Reveal That Nobody Wants to Be Mayor.
What westello said, sadly. And I bet Ed is gonna have a heck of a month (if not several) when he's allowed to start raising money again.
Apr 8
Mr. X commented on Diaz Retiring Is Great for the City and McGinn, But the Leadership Vacuum at SPD Is Enormous.
With regard to passing over Kimerer and Metz in favor of Pugel, I wonder if it's because SPD/the Mayor/whoever made the decision think they may try and put their hat(s) in the ring for the gig.
Apr 2
Mr. X commented on Council Looks to Kill Some Tall Towers in SLU Proposal.
@20,
Great comment. Too bad the City wrote the proposal to sell the former Bay Freeway properties so that only Vulcan would be considered - you can bet your bippy LIHI would have done a better job creating housing that is actually affordable had the bid criteria not been rigged to rule them out as a buyer.
Great comment. Too bad the City wrote the proposal to sell the former Bay Freeway properties so that only Vulcan would be considered - you can bet your bippy LIHI would have done a better job creating housing that is actually affordable had the bid criteria not been rigged to rule them out as a buyer.
Apr 2
Mr. X commented on Council Looks to Kill Some Tall Towers in SLU Proposal.
@17,
Good point. And lest we forget, the Council's MFTE developer subsidy program considers an $1100/month studio "affordable".
Good point. And lest we forget, the Council's MFTE developer subsidy program considers an $1100/month studio "affordable".
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Well, to start, because we're really paying out $400+ million in public funds for the project after debt costs are factored in.
We don't "need" to do this project, so we don't "need" to take out the debt (reducing our capacity to do other projects, by the way).
http://nosonicsarena.com/wp/?p=284
PS - the so-called "gift" of handing over a fully depreciated arena that Hansen and/or his successors will be demanding public funding to replace 20-some years from doesn't cut it, either.
Debt costs are public costs. I-91 fail. Big time.