January 12, 2006
Don't give up
Hello everyone! I know yesterday's news was a little depressing, but a little birdy tells me not to give up hope yet. So, I won't.
I don't have much time today, so I'm going to leave you with a few thoughts and a document for you to peruse. The document highlights the differences between T-Paw's '04 stadium bill and Hennepin County's '05 stadium bill. Seriously, looking over this document it is obvious T-Paw should have been jumping up and down for joy that Hennepin County was willing to step up to the plate in this way. Hennepin County's plan didn't include any shaky TIF schemes, no arbitrage, no state money, a predictable source of revenue, a clear, up-front contribution from the team, and a very good chance that the debt would have been retired well in advance of 30 years. To put it bluntly, the governor really screwed the pooch on this one. Especially considering the votes were there.
Posted by snackeru at January 12, 2006 8:19 AM | Stadiums