Accepting your numbers as viable;
> So here's my suggestion: the State would issue 30-year, no-interest > bonds for $150 million to an ownership group that buys the Twins from > Carl Pohlad. These bonds could then be paid back at a price of $5 > million annually, raised from ticket surcharges. This is equivalent to a no-interest loan which, in effect is the same as giving them free money. This is a result of inflation. Thus, this is giving them public money. Now if we get interest on the loan/bond then I don't really have a problem. However, if interest is charged then we have to ask why they don't just pursue private funding sources. > By using a bond issue, the State doesn't really commit any operating > revenue and taxpayers are protected in the event the team were to fold > or relocate because the loan would still have to be paid back. In THEORY, we are protected but in fact we would spend millions to recover a fraction of the original loan. Thus, again, let private sources assume the risk. Better yet, a public corporation where shareholders can choose the level of risk they wish to commit to. _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
