The ball team owners are stepping up to the plate and offering to change their agreement with the city.
They are offering to pay $12.8 million more to the city over the life of their agreement. All the city has to do is to sell $8 million more in bonds.
The issue of the cost increases came before city council a few weeks ago and was shot down. At the time city staff told us that the increases were just “contingencies” — you know, not needed.
Now the truth comes out and we see the team owners stepping forward because the ball park needs the extra money.
How charitable!
Actually, the owners promised last August (before city council approved the deal in September) to donate their profits from the venture to local charities “for the foreseeable future”.
Now that the owners have generously offered to pay the city $12.8 million we should subtract the $12.8 million from the profits they would otherwise have made. That means that local charities are in fact paying the bill at least for the foreseeable future.
City staff and council should be ashamed! And the Times? Don’t get me started.
Eternal vigilance is the cost of liberty
Cato
elpasospeak 