Wednesday, April 25, 2012
A Few Questions For King Edwin
You are furiously trying to make a "deal" with the plaintiff townships on the EIT.
According to WFMZ, you want to float the bonds for the Arena on May 1.
Yet, according to published reports, your tax collectors won't have a report ready on the actual EIT figures until sometime in June.
How can you expect the townships to make a "deal" without knowing the actual figures?; and,
How can your underwriter float the bonds without knowing the actual figures?
Oh, by the way, the construction contract (to Butz) for the Arena is now a reported $174 million, and you want to float bonds in excess of $200 million. Why are these figures suddenly much higher than reported just a few weeks ago?
Finally, why do you have such accurate figures on costs, but such inaccurate figures on revenues?
Your loyal subject,