...The original cost estimate for the Tanger Center was $65 million, with the city contributing $30 million in bond debt and the remaining $35 million coming from private donations..."
Incorrect, as multiple earlier estimates were lower
Doesn't mention the interest on the debt,
or the anticipated ongoing losses,
or the lies told to make it happen
"The city will serve as project manager and approve all construction and professional service contracts, funding the first $18.5 million in construction and equipment costs."
Weren't they going to hire a "manager at risk"?
"City leaders believe the Tanger Center will continue Greensboro’s downtown revitalization on the northern end of Elm Street. That belief was legitimized in the eyes of many when high-powered developer Roy Carroll announced plans to build a hotel and a mixed use development just a couple of blocks away, across the street from New Bridge Bank Park."
Nice sell out Sam,
no different than Tony Wilkins
"a good chunk of funding to close the budget will come from ticket fees."
"Those funds are now being “repurposed,” which would raise $3.75 million."
Per year Sam?
Where is the math Sam?
So you agree with the estimates Sam?
"another $2.1 million from boosting the number of VIP parking spaces"
How did you come to those figures Sam?
How many of the extra VIP spaces
are going to sell for each event Sam?
“I don’t think you can ever say we’ve eliminated taxpayer exposure, but we’ve minimized it,” said Mayor Nancy Vaughan. “We have a phenomenal opportunity to do this with very little risk.”
Sam A. Hieb is a contributor to Carolina Journal.
http://www.carolinajournal.com/exclusives/display_exclusive.html?id=12671
Did Sam Hieb sell out to Roy Carroll,
or did Carolina Journal, or both?
I guess I expected more
from some supposed fiscal conservatives
who supposedly understand basic arithmatic
What did Tony and Marikay say about the bogus math?
Nothing, along with Sam Hieb and Carolina Journal.
Who's the manager at risk Tony, Sam and Marikay?
WTF?
