The cities have been morally bankrupt for sometime, it is the way of things that fiscal bankruptcy follows.
The cities have been morally bankrupt for sometime, it is the way of things that fiscal bankruptcy follows.
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No kidding ,, the “old” Orlando Magic arena is going to be imploded in May ... it’s a fine building but the new one is nicer and the mayor put non-compete stipulations on the old arena so it “can’t” be used for anything worthwhile ...
Why am I PISSED ? because I’m about to be screwed ,, the bonds on the “OLD” arena aren’t paid off yet ... and the colatteral (and ONLY INCOME SOURCE FOR THE BONDS!) is about to be blown up ... I’ll be “asked” to make the payments on the “old” building though...
Oh Well , it’s only a few hundred million dollars ... nothing to see (why isn’t the mayor going to jail?)