Sunday, May 1, 2016

"What a $100 million [$195,200,000] bond proposal looks like in Greensboro"

http://yesweekly.com/blog-21280-what-a-%2524100-million-bond-proposal-looks-like-in-greensboro.html

Summary Spreadsheet;

https://assets.documentcloud.org/documents/2820129/2016-BOND-REFERENDUM-SUMMARY-by-CATEGORY-3-31-16-1.pdf

Guess who gets monies from;

Land Acquistion for Housing Development 6,000,000
Land acquisition, blighted property demo and site prep/infrastructure 7,000,000
DOWNTOWN STREET IMPROVEMENTS; Streetscape and Streetlight Improvements 20,000,000
Downtown Greenway Phase 4 (including Ole Asheboro connector) 6,000,000
A&Y Greenway 7,000,000
Windsor/Chavis Joint Facility 8,500,000
Community Recreation Center Improvements 12,200,000
Battleground Parks District Initial Development 10,000,000
Bryan Park North Development 500,000
South Em Redevelopment (Union Square) 5,000,000
.
.
All based on false 'economic growth' assumptions espoused by the City's compromised financial leaders

Doesn't take into account the property tax hit from Lorillard shutting down.

Doesn't plan for a recession

We could just let them bankrupt the City after Council's 'contributor' class of parasites walks with the profits