: News Article:
New Arena deal agreed to by city and Katz group:mod warning #616
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01-24-2013, 10:11 AM
Join Date: Apr 2005
Originally Posted by
Or via a lottery put into place. The MSI allows the govt. to
fund the arena.
Typical misleading post which does little to answer the legitimate concern. MSI is largely spoken and budgeted for with the City already locked into several projects. The city has also overdrew its annaul MSI portion already essentially to fastrack recently completed and ongoing projects. What this means is that future MSI amounts would be slightly reduced unless theres an increase in the economy. But theres more chance of a downturn in the economy.
Clearly the MSI amounts aren't likely to increase significantly or at all (May go down) and the MSI budget is presently spoken for. So where exactly is the MSI going to come from to front an arena build? At best this is a retroactive allocation. Which basically means the city is fronting the entire expenditure and that the city has to earmark its FUTURE MSI allocation mostly to the arena instead of other suitable community projects for which the program was designed. Basically robbing communities to build a downtown arena.
Last edited by Replacement*: 01-24-2013 at
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