Drowning in debt but not at the waterpark

The $100 million give away to the proposed water park seems to be dead.

The city has been negotiating with the company for over five years.

The company recently announced that they would not build the project.

They seem to be blaming the COVID-19 situation.

We were committed to giving them over $100 million to help finance a $150 million project.

Do they think that our economy will not recover?  Or is the reason they have not moved forward after five years of negotiating that they were never convinced that the deal made sense?

How much money have we spent getting this deal set up?

Will the land transfer still take place?

We deserve better

Brutus

 

10 Responses to Drowning in debt but not at the waterpark

  1. Ticked off taxpayer says:

    No official announcement that I can find. Cohen was bulldozed last year to the tune of $895,000. Last year’s demolition release said the park would be operational this summer. In theory that means construction should have started by fall of last year. So if the deal never got signed that means we bulldozed a perfectly good facility without a deal in place. That would be pretty incompetent.

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    • anonymous says:

      two different deals. great wolf was going to be a resort on westside. the park to be built at cohen site is a different deal.

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      • Anonymous says:

        Yes and they’ve done some work on the Cohen site. From what I can see it looks like the entire water “park” covers about half of what used to be the East parking lot.

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  2. City Cynic says:

    Assume this is about Great Wolf, which is probably realizing that the assumption of Mexican travelers providing the profit margin is not likely in the near future, so they pulled out of the deal with no loss. What remains is the land swap, which the City Attorney promised (and there is a video of that) to Council would not take place without the Great Wolf deal going through. NOW the City economic staff say the land swap is just what we need! The ball park SHOULD have been built at Cohen – lots of parking, good access from all parts of the city, plus Juárez and Las Cruces…but no. Instead we get a waterpark in the open desert with a Mayan theme…comment is hardly necessary….

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    • good governance oxymoron says:

      City Council voted to swap the land with Foster in mid-March.

      It was at the same meeting when they voted to shutdown the City due to Covid-19

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  3. Another City Cynic says:

    The city manager has been pushing for water parks ever since he arrived here. He seems to think that water parks and splash pads are the key to El Paso’s future.

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  4. Anonymous says:

    After reviewing the facts concerning the usual suspects and the mythology they have created to continue to extort capital for the various projects that only benefit themselves, I am convinced the city government is a criminal enterprise. It is a easy concept to believe in. Watch the videos of Mayor Margo repeatedly lie to camera. Joyce Wilson admitted her deceit by omitting the truth so Mr. Hunt’s agenda would have a better chance. Mr. Foster’s attorney lied right to the camera, the business is concluded, truth doesn’t matter. When a person repeatedly lies to me, I no longer believe anything they say. The community in El Paso allows this reality to be our story by not voting. When the Mayor says 70% of the city voted, he is talking about who turned out. Voter turnout is very low in El Paso and because of that, does not represent our population. The reality of this city can change by changing our collective story. Creating a better reality by recognizing the threat and pushing back hard against the current design of city policies. Policies that benefit a handful of people that have manipulated city hall to obligate El Paso homeowners in a continuous cycle of debt. The usual suspects literally blew up our city hall to create a insolvent ballpark. Poetic in a creepy way. The evidence of wrongdoing is abundant. I am amazed many more taxpayers aren’t involved or angry. Powerful humans throughout history have created stories to justify the agendas that benefit themselves. It is the time to create a new story. A genuine story of our border and the people that came to live here. Something our ancestors would be proud of, something closer to truth. We are survivors here. We have dealt with corruption, violence, drug wars, and earthquakes ( fracking?) , Coronavirus, developers and we are still standing. Are we just a emerging industry for billionaires to harvest? Did all the debt that the city created make your quality of life better? Did it help your everyday life? Are we represented by a baseball stadium? In my opinion a cruel joke. The promised Hispanic, cultural museum would have been the most important accomplishment. The people that really live in this city would have a touchstone, a voice, and inspiration. We would discover how wonderful we are. We would know the truth about ourselves. I guess that is why the usual suspects didn’t want the Hispanic museum to be built. They wanted to shove it in the back of the library. Nobody wants to admit the racism or tell the truth and nothing but the truth. The truth doesn’t hurt, it just makes you uncomfortable. My Mexican grandma taught me this. All positive change starts with telling the truth. It is worth it because it will let you know who you are and what you believe. Once you know who you are everything is possible if you are present. and willing to fight for what is right. Let’s tell the real story of our humanity and overcome the adversity sold to taxpayers as quality of life.

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    • JerryK says:

      Truth is stranger than fiction, but it is because Fiction is obliged to stick to possibilities; Truth isn’t. – Mark Twain

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      • City Cynic says:

        “What you do in this world is a matter of no consequence. The question is what can you make people believe you have done.”
        ― Arthur Conan Doyle, A Study in Scarlet

        Like

      • Mark Twain says:

        “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”

        Like

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