Washington's Trillion $--we got it beat!

I'm good at looking at developers and politician's numbers, which are always wrong by 2-3 hundred percent!

Some facts: (Dar's Castle)(Now on the ballot!)

A 180,000 square foot thingy on the softball fields in south PTC has suddenly been, as if by miracle, reduced to 76,000 SF at a building cost (no land) of $130 per SF = Oh, say $10,000,000 million bond.

Taxpayers are to pay $941,000 per year X 20 years = $18,800,000 total with interest, that is $19,000,000 rounded!

Now our income from this venture per year is proposed at $436,000 (that is thousands) X twenty years = $8,700,000 income, as opposed to $18,000,000 payments on the bond!
(No inflation on expenses or income).

Now, will the hotels and restaurants collect enough visitor taxes to cover that?

Now that right there is funny, I don't care who you are!

I assume Dar will maintain the whole thing every year for 20 years? New Roof and all you know? New Zambonis? Provide the Moose menus. and Mexican help?

Oh, I'm just getting started!

Let us look at the rent proposed by the developer: $436,000 per year to the town;
Generally rent shouldn't be over 10-15% of a gross income for the owner (renter) to make a profit. So His proposed income must be $363,000 per month! Gotta get about $90,000 from somebody every 6-7 days for that! Isn't that about $15,000 a day?

Maybe he can get enough of those big conventions into that ice rink to pay extra?

Now, how much taxes per citizens home to pay for the bond? Dar says $25 per a $250,000 home, which I guess is $50 per $500,000 home.

That is about $250,000 income from the tax increase that he is proposing! Maybe $350,000.
That is per year!

The income from the leaser added to the income from us the taxpayers would just about pay the bond, wouldn't it?

That assumes that he makes the $90,000 gross income a week, doesn't it?

I'm willing to look at revised numbers similar to these!