LisaC said:
lotstodo said:
Blazing Saddles said:
I'm not anti airport either and I want industry in this county but this underhanded deal is not the kind of politics an ethical voter could possibly side with.
Therein lies the rub. I have this creepy feeling that there is even still more to it than we currently know. Three and a half million dollars later, we still aren't sure how the revenue side of this thing will shake out. The only thing we know is that we the taxpayer are on the hook for a whole bunch of the expense side if things don't go Propeller's way.
I'm just not convinced that it was an "underhanded deal." Maybe not advertised or marketed as well as it could have been, but not "underhanded." Again, I may be wrong, but from what I have read and hear so far, I'm not convinced.
Our Counth Commission has a long and storied history of working out the details behind closed doors and then holding one public meeting where they basically say "here it is, suck it". There is no reason to believe that this deal is any different.
How is the revenue being divided? How are the expenses accounted for? Why is there a separate company created just for this deal, and what is PI's stake in that company? How is PI going to be paid? How is the county going to be paid? Who gets paid first if revenue doesn't meet expectation? Are there revenue guarantees to the taxpayers? If we are a landlord why are we not receiving lease payments? Is our payback totally dependent on PI turning the expected profit? If we don't like the deal after 5 years we are still on the hook for the three mil.?
Maybe some of you know the answers to these questions, but I don't and that very important information is not exactly public knowledge. That makes the entire thing stink in my book.