Ken Avidor wrote:
"The (35W Access) project has a current price tag of $150 million (snip) "MN/DOT has committed to paying for the largest share of the cost, but has no money. It has said that it will only fund the project if new transportation dollars are provided by the legislature (e.g., gas tax increase), meaning that project funding is far from a sure thing. Hennepin County may,however, bond to provide up-front funding." David Piehl writes: I posted about this a while back - and I think it's very bizarre that Hennepin county perceives such a dire need for the Access Project that they are willing to incurr the expense of nearly $100 million in bonding, only to be reimbursed later by the legislature. Does anyone have a dollar amount that this bonding will cost? I believe the cost is a percentage of the value of the bonds, isn't it? Since the development at Nicollet/Lake, and the development at Chicago/Lake have both said their projects do not depend on the Access Project, why the hurry? Is it because after spending so much money on a parking ramp, Wells Fargo still doesn't have their "flyover ramp"? Or, is it because project organizers do not believe the legislature will fund the project on it's own merits, and prefer to proceed and ask forgiveness later? This really doesn't pass the smell test!! David Piehl Central __________________________________________________ Do you Yahoo!? Faith Hill - Exclusive Performances, Videos & More http://faith.yahoo.com _______________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
