While we’re on the subject of borrowing money for so-called economic development, let’s take a look way down I-85 in Birmingham, where they find themselves in a hell of a mess —- they’re bankrupt.
In fairness, Jefferson County leaders believed they were providing an essential service, which conservatives maintain is the true key to economic development. But they went overboard with the “Taj Mahal of sewage systems.” As you can imagine, it doesn’t end well —the county borrows vast sums of money, which in theory would be paid off in revenue. But when the revenue didn’t materialize —you guessed it— everyone’s rates went up.
Just goes to show it’s easy to think big when you’re spending other people’s money. It’s kinda like Greenboro’s fat new transit authority headquarters — easy for them to say hey, wow, we can get a LEED gold certificate —to the tune of $18 million.
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24
2012 At 11:03 am, Fec Said:
You’re a hack.
24
2012 At 12:51 pm, SamH Said:
No comparison, just sayin’ dude. You read something that wasn’t there, which you’ve done before.
24
2012 At 1:45 pm, Roch101 Said:
“While we’re on the subject of borrowing money for so-called economic development, let’s take a look way down I-85 in Birmingham, where they find themselves in a hell of a mess ”
Not a comparison? Just a completely irrelevant segue then?
24
2012 At 1:48 pm, SamH Said:
How about ‘cautionary tale’?
24
2012 At 7:57 pm, Fec Said:
You’re too obtuse to realize you’re a hack.
25
2012 At 8:27 am, SamH Said:
Make that a paid hack, pal.
25
2012 At 6:47 pm, bubba Said:
I get a kick out of Ed Cone’s stooge calling you Art Pope’s stooge.
On the other hand, considering his personality disorder, it fits Fits right in.