This group and the mayor have been asking for months - who and where is the opposition. We need someone to fight in order to make our case that our idea is the only right idea to move the event center vision forward.
Some money from big corporations trying to sell the kool-aid of city hall. The question is whether their money is really invested in a vision that is in the best interests of all the taxpayers of Sioux Falls or whether their money is invested for personal gain and corporation interest.
I support the position of "David," the group no matter how little, who sees the flaws in this plan for ordinary taxpayers:
- Ill conceived concepts of fiscal prosperity and promises of private funding that will save the taxpayer from having to subsidizing ongoing operating costs for decades and decades.
- A debt that will saddle the workhorse second penny sales tax for 22 years.
- The false promise of jobs creation when in fact the majority of jobs created at construction are just temporary jobs and permanent jobs are around 180 not 1500.
- The ill-conceived parking plan that will be a nightmare with the occurrence of simultaneous events at the proposed venue.
- The promise that current plans for streets, parks and other projects remain intact and no planned projects have been eliminated to pay for the Event Center but doesn't take into account that necessary infrastructure projects will surely be impacted in future capital program needs.
- The promise that the financing plan to build it or operate it won't use property tax revenues and the 1st penny sales tax revenues but doesn't say never.
- That the projection of $1.1 million to $2.5 million per year in positive revenue from event center activities and events will be generated for operating expenses.
- That using the Entertainment Tax revenues as a contingency to cover operating expenses won't impact negatively on the needs of the Washington Pavilion, Orpheum and the Great Plains Zoo and Delbridge Museum.
- A projection of $36 million in new economic impact per year when there is talk of a recession next year and the economic climate is a slowdown that could last for another decade.
- A promise of bigger events, more events and more simultaneous events when consumer confidence and spending is at an all time low.