[Re “LETTER: Convention Center insolvent. Shellenbeger and Henderson proven correct”]
I was wrong. I was certain that the CC that was projected to lose $1M/year would lose closer to $3-$4M per year, a 300 to 400% increase. I claimed that while the backers were focused entirely on the hotel tax (revenue side of the equation) and did not want to talk about expenses and that would be their downfall. I was wrong again.
As it turns out, both sides of the equation are out of balance. The hotel tax is not keeping up and the CC is running 40% over budget (expenses) instead of 400%. Either way, the project will be every bit a financial disaster, LONGTERM, for the county that the naysayers said it would be. Smart idea running the only 2 people in office who questioned this project out.
Hey Rick, how’s that reversal of your campaign promise to look into this project working out?
