Notice the name has been changed to better reflect the direction of this blog. It's not set in stone I just figured it was better than the old.
Thoughts?????
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5 comments:
very fitting.
How long before we see this story in evansville?
http://www.gazetteextra.com/edgertondevelop040307.asp
Oops,
That didn't past well.
http://www.gazetteextra.com/
edgertondevelop040307.asp
You know Mark it's really not a bad deal for the city. Per the article.......
The city chose a type of financing in which the project's investors, not the city, bear the risk if the development doesn't generate enough tax revenue to pay back the loan, Flanigan said.
This is the way these things should be done. The city is always the one taking the risk. It's high time the investors take some of it.
Jeff,
I agree. I have to plead ignorance, the headline grabbed my attention and I posted without reading it. If and when Evansville gives extra money to the downtown, I hope they are shrewd enough to negotiate a similiar deal through a third party investor.
Mark
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