Saturday, November 22, 2008

Connection to the "money powers"

...The TIF funding grant is predicated on sales tax collected. (subject to an annual approval.) If fewer dollars are collected, there is no grant.

...A great tragedy is that the mammoth construction prevents virtually any other use for the real estate.

I am confident that both Sen. Armstrong's support for the project represents a ... connection with the money powers. I am equally confident that Mayor Gray's apparent increased support (at the time of his election) is equally connected.

Merck Pharmaceutical has just downsized dramatically, and it was one of the companies cited for convention booking. And it is not the only company streamlining for survival.

The Convention Center [project] will never get off the ground. Cries for money for "improvements" to make the CC successful will probably hit in about two years.