"Instead of using 149 events to calculate the income to pay off the bonds that the hired consultant predicted, city staff and council raised the number of events to 180 per year, with all 250 premium parking spaces sold out at each and every show, even though there will be plenty of free and much lower cost parking options in close proximity to the venue."
City Council voted to finance $10 million for GPAC based on a projection that every performance will sell out all 250 premium parking spaces to pay for the debt service.
Please provide the "binding commitments for a minimum of $20,000,000.00 in private contributions for the GPAC.
2 comments:
"Please provide the "binding commitments for a minimum of $20,000,000.00 in private contributions for the GPAC."
It's a very legitimate request.
Yes, Mr. Carmany, but it is not a proposition to be answered "true or not true."
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