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<blockquote data-quote="bacha29" data-source="post: 5227704" data-attributes="member: 58386">Don&#039;t you understand? He didn&#039;t accept their offer. BTW What is the name of the bond ratings agency&nbsp; you work for ? Moody&#039;s? S&amp;P Global? Fitch Group?&nbsp; Even if they had stupidly given in to him court challenges would tied things up for years. And those claims of economic benefit are always wildly exaggerated in an effort to bring pressure on public officials to give into the attempts by developers to literally extort public concessions .Here&#039;s a good example. New York taxpayers have to hoark up an 850 million dollar 30 year bond issue to build a new stadium for the Buffalo Bills. Imagine the debt service on that bond. Right now the Bills are doing good but I&#039;ve been to Bills games during the losing years where tickets were going for next to nothing and the crowds were so sparse that they had to pipe in crowd noise just to make it sound like somebody was actually there. And that&#039;s the point. Making expensive public commitments in the face of a wild and rapidly changing global economy limits what the public sector can do to assist. The public sector has to learn to resist efforts on the part of private developers to privatize the profits but publicize the losses.</blockquote>

[QUOTE="bacha29, post: 5227704, member: 58386"] Don't you understand? He didn't accept their offer. BTW What is the name of the bond ratings agency you work for ? Moody's? S&P Global? Fitch Group? Even if they had stupidly given in to him court challenges would tied things up for years. And those claims of economic benefit are always wildly exaggerated in an effort to bring pressure on public officials to give into the attempts by developers to literally extort public concessions . Here's a good example. New York taxpayers have to hoark up an 850 million dollar 30 year bond issue to build a new stadium for the Buffalo Bills. Imagine the debt service on that bond. Right now the Bills are doing good but I've been to Bills games during the losing years where tickets were going for next to nothing and the crowds were so sparse that they had to pipe in crowd noise just to make it sound like somebody was actually there. And that's the point. Making expensive public commitments in the face of a wild and rapidly changing global economy limits what the public sector can do to assist. The public sector has to learn to resist efforts on the part of private developers to privatize the profits but publicize the losses. [/QUOTE]

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