Wednesday, July 11, 2012

Hansen on council’s arena analysis: ‘They jumbled the numbers’ | KING5.com Seattle

Chris Hansen doesn't appear to want to agree to the city Budget Office's bad math, and I'm with him.

The city council is refusing to deal with some facts:
I-91 is technically inapplicable.
Picking and choosing from a law you can't even apply, and then fucking up the math, isn't a good reason to ask for another 1%
The city is not investing any cash, pretending you are might help you feel better, but it is pretending.

I-91 is horribly written, you admitted it during your meeting on 6/29. Fix it, but please stop pretending you can apply it.

http://www.king5.com/news/arena/Hansen-council-arena-analysis-initiative-91-seattle-162150775.html


Have a great day,
Mike Baker

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http://ManyWordsForRain.blogspot.com

2 comments:

Peter said...

Even if it is 3.7%, that would be 4.4 mil. After 30 years, even if the city just knocks down the arena and sells the land, they would make 4.4 mil. Easy. Especially if the sea wall and other projects like the tunnel come through, the value of the land will skyrocket. Either way, land in Seattle is very very unlikely to go down in value that much, right?

Mr Baker said...

The exclusion of the property in the calculations is just not going to be ok.

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