“IS IT TRUE” JULY 23, 2018

first_imgWe hope that today’s “IS IT TRUE” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?IS IT TRUE that this evening members of the Evansville City Council will discuss approving a request from the Winnecke Administration to take $2,765,000 from the Riverboat Fund to move the LST Boat next to Tropicana Casino-Evansville? …that this money will not only be used to build a new boat dock for the LST but also build a new visitors center at the Tropicana Riverfront Plaza?IS IT TRUE we must remind City Council that the City of Evansville is responsible for dismantling the current boat dock and visitors center at Marina Point when the LST moves to its new location at the new visitors center at Tropicana Riverfront Plaza?  …we are told by reliable sources that it will cost the taxpayers around $3 million dollars to dismantle the current boat dock and visitors center at Marina Point?  …we are told that members of the Winnecke Administration are telling members of City Council that they have someone to dismantle the current LST boat dock for salvage value only?  …we strongly urge that members of City Council demand that they see a written contract from a salvage company stating that they will dismantle this dock for salvage value only?  …if the Winnecke Administration can produce such a letter from a salvage company they will save the taxpayers of Evansville $3 million dollars?IS IT TRUE since the taxpayers of Evansville are footing the costs of relocating the LST boat from Marina Point to its new location at the Tropicana Riverfront Plaza we wonder how many members of the LST Board of Directors are from this area?  …we are told that several people feel that if the taxpayers of Evansville are subsidizing the LST than we should have people from Evansville serving on the LST Board of Directors?IS IT TRUE that last Thursday a group of starry-eyed owners of a training football team in California that typically only attracts 200-300 fans rolled out a presentation to a group of influential people to build a $300 million indoor arena for football and other events?…this either took an amazing level of chutzpah or just an incredibly ignorant understanding of the value of sports arenas?…they were touting the economic development impact of stadiums and actually touted the Ford Center in Evansville, Indiana as a financial model for an arena that makes money?…little did they know that someone who knows the numbers for the Ford Center was in the room?…if Ford Center can lose $9 million per year after borrowing $127 million and be touted as a big winner, then these guys will be poised to lose $20 million per year if the just scale the losses of Ford Center on a dollar for dollar basis?IS IT TRUE they also talked up the YUM Center in Louisville that is also losing money faster than it can be counted?…YUM Center picks the pockets of the City of Louisville and the State of Kentucky for a combined $22 million?…there is a report on the financial performance of sports facilities by the Federal Reserve Bank of St. Louis that concludes that no sports stadium has ever worked out well for any state or municipality?…studies from both Harvard and Stanford conclude that the sum total, of economic development from sports arenas, is so negative that such things should never even be represented as having economic development value?IS IT TRUE that there are still some in Evansville who assert that Ford Center has had such a positive economic impact that it is worth the $9 million per year in losses to the taxpayers of Evansville?…the reality is that the Ford Center couldn’t even generate enough business to keep The Maingate Bar open?…the other reality is that the Doubletree Hotel needed a subsidy of over $20 million and the IU Medical School consumed over $50 million tax dollars?…the truth is that the IU Medical School should have come first and the hotel would not have needed a subsidy?…as for the Ford Center, as pretty as it is, it should have never happened and most people know it?…of course the ones who still tout the Ford Center as the savior of downtown Evansville are the ones who paid a consultant for a nonsensical study and jammed the project down the throat of Evansville without a vote?IS IT TRUE we wonder what is the status of the ECHO Housing forensic audit?IS IT TRUE we wonder if the water and sewer bills  at the McCurdy are current?Today’s “Readers Poll” question is: Are you pleased with the direction that the State of Indiana is headed?Please take time and read our articles entitled “STATEHOUSE Files, CHANNEL 44 NEWS, LAW ENFORCEMENT, READERS POLL, BIRTHDAYS, HOT JOBS” and “LOCAL SPORTS”.  You now are able to subscribe to get the CCO daily.If you would like to advertise on the CCO please contact us [email protected]: City-County Observer Comment Policy. 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