" The Claim, existing facilities are "inadequate", a new stadium would facilitate efforts to redevelop an urban core BUT...no inducement for independent retailers to invest in adjacent businesses." The rest of the reality.
From CEDIT funds $19.84, CRED $11.25 m, Park Bond $1.5, Current Credit Bond $5m. Cash Reserves, $3.55 m = $42.14 million
Present value of of the total funds CEDIT $12.62 m, CRED $7.14m, park bond $950 thousand, Fund $1m, current credit bond $$5 m, and cash reserves $3.55=$30.26
From Jefferson Pointe TIF $25.2m and Jefferson Pointe TIF cash on hand $6m = $31.2m
Present value of the total funds Jefferson Pointe TIF $16m and Jefferson Pointe TIF $6m=$22.0m
From Harrison Pointe TIF $19.1m and Belmont purchase $2.1m=$21.20m
Present value of the total funds Harrison Pointe TIF 12.12m and Belmont Purchase $2.1m=$14.22 m
The totals: $73.6 m and the present value is $52.26 m. The number changes when Harrison Pointe TIF dollars are collected to a total $94.8m and the present value $66.48m.
Source: Harrison Square: WHERE the MONEY COMES FROM and WHERE IT COULD BE SPENT, 2007.
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