On Aug 29, 2005, at 2:29 AM, Jim Bernstein wrote:
Regardless of where one stands on the special levy in Hennepin
County to
build a new baseball stadium, there is no $1.1 billion dollars sitting
in a pile somewhere waiting to be divvied up.
Just a note about the $1.1 billion - it's what the tax is estimated
to raise over 30 years, not necessarily what will be spent.
The current estimate of public stadium costs, including interest,
upkeep and Ballpark Commission costs, is about $450 million. Now it's
true that future leaders could find a way to spend more on the
ballpark, but the bottom line is that the $1.1 billion over 30 years
is a project of revenues over the life of the tax NOT an obligation
to spend that much.
I'm not supporting or opposing the stadium here, just trying to give
folks the best information.
David Brauer
Kingfield
REMINDERS:
1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If
you think a member is in violation, contact the list manager at [EMAIL
PROTECTED] before continuing it on the list.
2. Don't feed the troll! Ignore obvious flame-bait.
For state and national discussions see: http://e-democracy.org/discuss.html
For external forums, see: http://e-democracy.org/mninteract
________________________________
Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn
E-Democracy
Post messages to: mailto:[email protected]
Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
