UPDATE: Arena...

kennadog

kennadog

Dog On It!
#3
#3
I'd like more detail. This has not completely ruled out government financing as part of the deal, although it may be more palatable than before because the amount is lower.

I'm still most worried about the legislature even allowing the State to sell the property. Although, if its a legit auction, that may satisfy them. Kamilos and backers must figure that they can outbid just about anyone. There's definitely risk there, if they pay above market value. I know they'd be looking at what the value could be after development. But developers take a lot of financial risk upfront, because they think they can pull it off and come out ahead, eventually. On the other hand, developers also lose a lot of money they'll never see again, if they can't pull it off for any reason at any point along the timeline.
 
MoneyMike916

MoneyMike916

Bench
#4
#4
This is so confusing
The great website Field of Schemes points out the double-speak in this article. Here's the article:

http://www.fieldofschemes.com/news/archives/2010/07/4219_how_to_split_a.html

I don't know why people don't get it. You set up a TIF, a bond district, sell public land, and set up tax districts, and this means there is no public contribution? Wake up, people; we're paying for the whole thing!

This project is very close to 100% publicly financed. We're getting fleeced, and we appear happy about it. Stop being so foolish.
Click to expand...
From someone commenting on the article.
 
Circa_1985_Fan

Circa_1985_Fan

All-Star
#5
#5
MoneyMike916 said:
This is so confusing

From someone commenting on the article.
Click to expand...
All this is is another idiot that fails to realize:

Macquarie Capital, would invest $600 to $700 million in private equity

C'mon haters, not every plan is out to 'stick it to the common man'...is it so hard to believe that something ingenius like this can be done the right way??
 
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