Let’s spend money we do not have
August 24, 2016 Leave a comment
Does it hurt yet? Because you are going to learn to take it
From The Journal Times 8/24/16
RACINE — A new study recommends a $40 million Downtown Racine events center attached to a 135-room hotel, though uncertainty about funding looms over discussions.
A conceptual plan presented Tuesday to the Racine County Board calls for a 3,800-seat arena to be built on vacant land at the southeast corner of Lake Avenue and Gas Light Drive.
In addition to the Milwaukee Bucks Developmental League team, officials say a United States Hockey League franchise has expressed interest in a Racine arena, which would also host concerts and other events.
A proposal on how to fund it has not yet emerged. An arena would cost about $40 million, according to the study from Hunden Strategic Partners….”
Lets be bold here did you think that Hunden Strategic Partners was NOT going to say that this the idea of an arena was not going to be the best thing since White bread? If they did how many more studies would they be hired to do, after all how much money will be generated in Downtown Racine even if nothing is ever built?Think of the Grants that could be received for this project! Think of the paid trips the Mayor and his pals could go on! Think of the booze that could be sold! Think of the cash only income near by business could make the sets of books one could have!
Of course we are told that crowds will come from Milwaukee and Northern IL to see our worse then Farm teams play, the backers of this plan must have not heard of
The Milwaukee Admirals
The White Socks
Get the point? The number of sports teams to see without ever coming near the Racine exits?
Looking at our population we are told that we would be the base of support to for the teams (right sure of course)
We would be paying the 40+ Million that this would cost this being on top of the 200 Million debit we now have oh the joy of the City of the Racine.
Now word is that the Hockey Team in the Newspaper is NOT the only Hockey team to use this but an NHL team owner will offer to move a Farm team here (and Big Foot is coming too)
Word is too that a “Named Hotel Chain” wants to come to Racine and build the Hotel with no ” tax payer” funds (you heard about Big Foot right?)
I will be following this story closely