The truth about the ballpark financing is finally coming out and the picture is not a pretty one.
Even though city council authorized incurring the debt, a decision was made to not do so until after the May 2013 city elections.
The delay ended up costing the taxpayers about $22 million.
Our former chief financial officer and city manager must have been right in the middle of the mess.
The former city representative that was running for mayor in that election indicates that he did not try to delay the issuance of the bonds.
It is possible that some of the city council members wanted the issuance delayed but none of them had the authority to delay them.
As it worked out city council created the Downtown Development Corporation and gave them the authority to manage the bonds. Our former city manager, the city clerk and our infamous former chief financial officer were designated as pricing officers and were the ones that had the authority to sell the bonds.
We should make an extra effort to tell each of these individuals how we feel about their failure.
We deserve better