The city released a report from our bond counsel that tells us that everyone did what they were supposed to do in the financing of the ball park bonds.
The bonds still cost us $22 million more than they would have if the bonds had been sold on a timely basis and not held until after the municipal election.
What else would we expect in a report from a company that makes money from the sale of our bonds?
We still have not been able to find a more recent contract but as we wrote in Nice work if you can find it bond counsel gets paid a percentage of the bonds issued.
They also seem to do work at the airport, water utility, housing finance organization, the children’s hospital, and the county if our research is correct.
Should we actually expect this person to bite the hand that feeds him?
Of course “It’s all Good”.
We deserve better