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(610 WIOD)   Miami: "We have balanced our budget." SEC Investigation: "Yeah, about that"   ( divider line
    More: Florida, U.S. Securities and Exchange Commission, Miami, bond issues, balanced budgets  
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7977 clicks; posted to Main » on 24 Jul 2012 at 2:25 PM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2012-07-24 02:47:56 PM  
1 vote:
Got our own scam like this going in Seattle. The NBA is pushing for the City and County to issue bonds to build a new gigantisaur-type arena in an area that is now full of machine shops and manufacturing companies. An area that supports the employment of about 50,000 people full time will be replaced with a single facility that will employ about 400, part time. Probably at or around minimum wage.

The Mayor wants it, the local millionaires want it, the stooge basketball fans want it, and the city cannot support the finances at all on it. The traffic factors alone would cost the City about half a billion to mitigate. The only people urging any sort of caution on the subject are the folks who actually handle the number crunching for the State and County. Tax the people to pay for a playground for the wealthy and let the owners keep all the cash generated.

We're still paying off the Kingdome for chrissake.
2012-07-24 02:37:00 PM  
1 vote:
I was pretty sure Miami was in the ACC. Mind your own beeswax, SEC.
2012-07-24 02:34:22 PM  
1 vote:
My 'first time' being 'f * I * R * S * T' and I screw up 'nuh uh'. Figures.
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