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Re: Re: DC Central Kitchen; Stadium Groundbreaking

"the idea that money for the stadium could be used dollar for dollar for people in need fails to understand what this type of money does."

Okay, would you please elaborate? You don't say enough to make your point clear.
 
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Re: Re: Re: DC Central Kitchen; Stadium Groundbreaking

oh. sorry.

the dollar for dollar idea doesnt take into account the validity of the city making investments for its economic future. The stadium financing has the intent of bringing the city far greater returns.

This is the idea in funding ( actually "bonding".. but fundametally its still money) the great streets initiative, main streets, the entertainment venues downtown ( arena stage, wolly mammoth, etc...) the city gets monet back from these projects in excess. this is how the is able to fund other projects that dont bring the city cash., ie shelters, and social services.

if the city spent this cash solely on non investment projects, we'd be outta money quick, with no hopes of financial return of those monies.

thats why the dollar for dollar idea doesnt work.
our city is SERIOUSLY disinvested, which has lead to its poor economy and divergences of classes. we need to create and invest in jobs, and opportunities for business.

i hope that makes sense. also, while i understand this model of financing, i do not support the stadium project. there was way more passion behind these decisions that good old fashioned hard and clear thinking.
 

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