Tag: News and Commentary

LANCASTER ONLINE

What Smart says would be true for a state guaranteed bond that was repaid back by the borrower…. CRIZ is repaid from future taxes that presumably would be earned by the state. So it is not the owner that pays off the debt, it is our children and grandchildren because they will not have the tax revenues from the project necessary to pay their future government costs.

PDCVB Votes to Support the Convention Center Financing Plan Collaboration Agreement

“I greatly appreciate the support of PDCVB and its’ members,” stated Commissioner Martin. “It is important that this collaborative plan is supported and adopted by all the stakeholders in order to bring this process to closure, get significant interest cost relief from Wells Fargo and to put the Convention Center on solid financial footing”.