tag:blogger.com,1999:blog-10214951.post848210814867688479..comments2024-03-17T08:07:12.695-05:00Comments on Between The Lines: Walker remarks reminds Bossier ship of fools sails onJeff Sadowhttp://www.blogger.com/profile/03972004592729833310noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-10214951.post-45175938433706952232009-07-27T11:53:25.699-05:002009-07-27T11:53:25.699-05:00The $56 million is about on target. Now throw in t...The $56 million is about on target. Now throw in the $21 million for the garage and $35 million for the CIC and you'll see that's only half the waste. (Incidentally, the cost of the arena as sold to the public was $35 million -- but you knew that already, being either an elected Bossier politician or working for the city.)<br /><br />The city's own records show that on a direct cost operating basis, typically the center breaks about even -- some years it ekes out a small gain, some years it does the opposite (except for a few of larger losses). But this ignores not only indirect costs -- such as increased traffic, police presence, etc. -- but also opportunity costs. Had the $56 million been invested even at today's low interest rates, it would be churning out well over $1 million a year -- money the city could have used instead of increasing user fees on its water and sewerage ratepayers. Try as you like, there is no way you can argue the Center makes back its direct costs, indirect costs, and opportunity costs -- to the detirment of its citizenry.<br /><br />Please search through the site to find more financial analyses and how much Bossier City elected officials' stupidity have cost its citizenry. It will correct the errors in your comments and perhaps persuade you to disembark the ship of fools.Jeff Sadowhttps://www.blogger.com/profile/03972004592729833310noreply@blogger.comtag:blogger.com,1999:blog-10214951.post-88460436734266016102009-07-27T10:42:21.424-05:002009-07-27T10:42:21.424-05:00The CenturyTel Center cost 56 million and the fina...The CenturyTel Center cost 56 million and the financials show a profit every year. Where do you get your data?<br /><br />I would think a person of your self proclaimed inteligence would be concerned about your accuracy.Anonymousnoreply@blogger.com