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Conventions, Football Don’t Mix
The cost you mention [$700 million] is a little off. Its more like $ 800 million with a cost overrun [something that always happens in San Diego] of $ 80 -$ 120 million [plus the environmental impact review of $ 60-$ 100 million and the remediation of the sight at about 5 $ 50-80 million which puts this project well over $ 1,000,000,000,000.00. If you "STEAL" $ 450 million from CCDC there is still a shortfall of $ 650-750 million. One thing you can count on is that neither the Spanos' or the NFL is going to pony up the shortage. Which leaves the city to shop out for another billion in bonds to pay for the stadium. With the city's past problems in the bond market it will be difficult if not impossible for the city to borrow a couple of bucks let alone a billion. The extra $ come in interest which the city would have to pay a premium for if there are any bond companies dumb enough to loan San Diego anything. Just on the finance portion of a new stadium it is dead on arrival. What is interesting is the powers that be {Sanders/UT/Builders & Developers] know this and are willing to risk a total collapse of the city for a pipe dream. If the project ever gets started you can count on a big giant hole with re-bar sticking up all over overgrown with leaves and rust. If you think the city is in a big FINANCIAL HOLE now add this $ billion dollar to the equation watch the whole city burn to the ground.— September 14, 2011 5:37 p.m.
De Anza mobile homes pushed out of Mission Bay
This is just another example of how inept San Diego Government really is. Over and over we see how totally bad all aspects of this city administration are. This property should be sending millions to the general fund but instead we get ZIP!. The residents of this CITY PROPERTY were well aware of the fact they would have to vacate [I think it was 2004] and that there would be no NEW RESIDENTS ALLOWED. Illegal sublets are the norm and as usual the city sits on their collective hands and says: OH NO! What are we going to do? Drive around this place and see PERMANENT "MOBILE" homes and dilapidated dumps. I wonder if the City of San Diego can EVER DO ANYTHING RIGHT!. I am waiting a copy of the new book "PARADISE PLUNDERED" to learn who is really responsible for the decline of all aspects of the San Diego Government. Its time for a few "HEADS TO ROLL" and many indictments to be drawn up and the perpetrators finally brought to light and justice. De Anza is only one of a very long list of malfeasance in San Diego. Does anyone care?— September 14, 2011 4:37 p.m.