$26.00 per family? Bad math?

About $300,000 per year would be collected from increased property taxes. That is about 11,500 households times $26.

Including interest for 20 years, the amount required to pay the 10 million dollar bond would be about $1,000,000 per year.

Now, I have to assume that the other $700,000 dollars per year is to come from profit on the ice rink, according to the developer's proposal!

Either that, or we the taxpayers must pay it as a budget item.

$700,000 divided by 52 weeks per year equals $36,400 needed per week just to pay for the rest of the bond. This of course would be above the rest of the operating expenses!

$36,000 divided by seven days per week equal $5,200 per day profit ABOVE normal operating expenses, for which I have never seen an estimate,

Isn't this about 500 visitors per day just to pay the bond?

Could someone from the City or Development group put their numbers together for us?

Ice Rink

Submitted by Bonkers on Sat, 11/08/2008 - 7:34am.

Antbody figutred out yet why the Mayor and Council wasted everyone's time with this poroposal for a vote?

An excuse not to decide something, maybe?

I guess their decison on the cart path bridge that ain't yet working caused a halt to decisions!

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I always thought the whole idea of a PTC ice rink was on..

Submitted by Cyclist on Sat, 11/08/2008 - 7:40am.

"thin ice".
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Cy

Submitted by hutch866 on Sat, 11/08/2008 - 8:31am.

BOOOOOOOOOOOOOOOOOOOOOOO!!!!!!

I yam what I yam....Popeye

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What hutch,

Submitted by Cyclist on Sat, 11/08/2008 - 8:38am.

You don't like my attempt of humor!
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Caution - The Surgeon General has determined that constant blogging is an addiction that can cause a sedentary life style.

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Cy

Submitted by hutch866 on Sat, 11/08/2008 - 8:43am.

So that's what that was.

I yam what I yam....Popeye

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Thanks Buddy!!!

Submitted by Cyclist on Sat, 11/08/2008 - 8:46am.

Are you going to hit the ball straight next time?
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Caution - The Surgeon General has determined that constant blogging is an addiction that can cause a sedentary life style.

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Cy

Submitted by hutch866 on Sat, 11/08/2008 - 8:49am.

Hopefully

I yam what I yam....Popeye

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Addition to income for ice rink

Submitted by Bonkers on Mon, 11/03/2008 - 4:49am.

Maybe industry or retail will contribute the short-fall! Do they know this?

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