Last week city council finally discussed the fact that the ball park financing cost us $22 million more than it should have because someone(s) decided to delay issuing the bonds until after the municipal election.
We don’t have a clear picture of who caused this. Some think that city council members intervened. Others think that it was our former mayor. Our former chief financial officer may be to blame.
What was not clear to me until I had a chance to calm down is the magnitude of the problem. The bonds were supposed to be issued for $60 million. The mistake cost us another $22 million.
That’s a massive mistake. We probably won’t be able to hold those who did this to us responsible.
We can however find out who did this and then let them know what we think of them.
We deserve better