  Jams Member Username: Jams Post Number: 8834 Registered: 10-2003 |
quote: more; http://detnews.com/apps/pbcs.d ll/article?AID=/20080523/METRO /805230358/1410/METRO01 | ||
Topflight Member Username: Topflight Post Number: 5 Registered: 04-2008 |
Heaven Help Them! | ||
Paulmcall Member Username: Paulmcall Post Number: 1050 Registered: 05-2004 |
Good luck balancing the budget now. They'll have to borrow more money. How long can this go on? | ||
Detroitnerd Member Username: Detroitnerd Post Number: 2346 Registered: 07-2004 |
The budget hasn't been "balanced" in years. I don't know why this ongoing fiction is allowed to continue without Lansing putting Detroit in receivership. What's more, if receivership got results like what happened in Hamtramck, I wouldn't be totally against it, at least in theory. | ||
Zrx_doug Member Username: Zrx_doug Post Number: 131 Registered: 03-2008 |
How does a one-time profit from selling a productive cash cow (or a golden goose, pick your critter) make more sense for the future than keeping the proceeds from long-term milk (or egg) sales available? Assuming we went thru with this crack-brained scheme, what do we plan to sell NEXT year when we need to make ends meet? Eventually the house will be empty, the tenants will be broke, and the pawnbroker will be laughing all the way to the bank..this is NOT the way to save a city. | ||
Aiw Member Username: Aiw Post Number: 6634 Registered: 10-2003 |
Thank god. This would have been a nightmare for Windsor taxpayers. Talk about a dumb plan for us (good for Detroit). | ||
Jasoncw Member Username: Jasoncw Post Number: 503 Registered: 07-2005 |
I'm glad they rejected it. I agree that they would be selling something valuable for the long term, for something in the short term. Sometimes you need to do that, but 65 million isn't enough money to be worth it. | ||
Retroit Member Username: Retroit Post Number: 110 Registered: 04-2008 |
Sounds convoluted (or maybe I'm just dumb): Detroit would sell ("lease" - I don't get it) the tunnel to Windsor for $65 million, but it will be owned by appointees of Detroit and Windsor and be managed by an Authority appointed by the mayor and council? Let me guess, Monica Conyers would get a car out of the deal, and the mayor's high school buddies will be the "appointees"? How about they sell it to a private enterprise and Detroit & Windsor get a certain % of the fare revenue? | ||
Jt1 Member Username: Jt1 Post Number: 11837 Registered: 10-2003 |
quote: I wish they had the financial know how of a mail man. That would certainly make life easier. I know that if the pinnacle of my career was to give someone a letter I would certainly feel qualified to give financial advice. Paul _ Can you give me some financial advice beyond 'insert letter here'? | ||
Paulmcall Member Username: Paulmcall Post Number: 1063 Registered: 05-2004 |
Yeah Jt1, don't spend more than you have. | ||
Lmichigan Member Username: Lmichigan Post Number: 6012 Registered: 10-2003 |
What do they mean by they got the plan too late with too little information? Hasn't this deal been put forth before them, before? I don't think it was formally, but I was pretty sure the mayor had given them information on this last year or the year before. As for the merits, that's another debate, but it seems pretty clear this had nothing to do with timing and everything to do with the fact that they don't like the plan or the mayor. Why not be honest about it (the mayor and the plan)? | ||
Charlottepaul Member Username: Charlottepaul Post Number: 2543 Registered: 10-2006 |
"...but 65 million isn't enough money to be worth it." How much is the tunnel worth? |
