27.6.06

Sandy City Politicians Need to Lay Off the Crack

Wow! Is this really the best they could come up with?

I just read the proposal from Sandy City regarding their public funding scheme for the RĂ©al Sandy (Salt Lake?) soccer stadium. I really, honestly thought they'd come up with something better than this. They only managed to lower the county contribution from $87 million to $76 million. Really? Is that the best you could do?

And adding in Sandy City's miniscule contribution, the entire cost to taxpayers: $96.5 million!!

So, Sandy thought they could get people on board by saying this would just be a part of a 136-acre development... a new downtown at the south end of the valley. Is that what they thought?

I'm really shocked. It's mind boggling. I don't think Sandy is going to get the stadium with this deal.

6 Comments:

Blogger theorris said...

One does indeed have to wonder at the mind set of these guys. It seems all they think about it driving in their SUVs to the next shopping mall. A friend of mine described folks like these as "little men thinking little thoughts."

28/6/06 11:56  
Blogger CapitalCarnage said...

Based on the some comments I am hearing it actually sounds like they might find some way to pull this off. How is beyond me, but they seem to have enough people on the Council who think this might not be such a bad thing. Although I can't imagine anyone who represents downtown would be willing to do this.

28/6/06 12:44  
Blogger Stenar said...

I predict Sandy will not get our tax money with this current funding scheme.

28/6/06 12:50  
Blogger Shawn said...

I'm really miffed about something. Allow me to get it off my chest:

Sandy City is requesting that SLCo taxpayers dump $76mil into their city. They will then use this money to create megadevelopment for their city that will contribute enormously to the City's sales tax receipts and property taxes (as a result of appreciation in real esate by creating a regional employment/center). At the same time, the City is considering creating its own school district, wherein those increased property would solely benefit public schools in Sandy.

Sandy has a very sustainable finance structure in place with its current sales and property tax receipts. Why should they get the lion's share of hotel tax income that come from outside of their city, especially when the City that does provide the bulk of Hotel tax income can do it for half the cost?

And Corroon is right. The Wasatch Front is already saturated with retail and office use. The Sandy plan would just siphon off existing development. Zero-sum, baby.

And now a proverb: The wise man built his house on the (City whose mayor is) the Rock; the foolish man built his house on Sand(y).

29/6/06 12:20  
Anonymous Anonymous said...

giaIs Larry involved? Money is money. How it is used is impudent to those involved in Utah government, ask the wives of the incumbents.

29/6/06 19:37  
Anonymous Ricky said...

L.M.S syndrome for L.D.S. Money is like rocky mountain oysters. Is big good eating?

29/6/06 19:42  

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