“Fitch downgraded $203 million in building authority bonds, $186 million in limited general obligation bonds and $51 million in stadium refunding bonds. … jail boondoggle that wasted $130 million and counting.
Wayne County has a structural debt of $50 million and $40 million more is needed each year to bring its pension system back – the underfunding accounts for about 70 percent of the long-term debt of $2.9 billion.”
Not sure if others noticed this in the Detnews.com yesterday, however, while our strabismus AG rummaged about his archaic footnotes of legalese, and even citing back to his Democratic Party predecessor as to somehow absolve an end to justify a collectivist means – there is this.
Olympia keeps all revenue, including concessions and parking, and any naming rights deal. In an earlier interview with The Detroit News, Christopher Ilitch, president and CEO of Ilitch Holdings Inc, defended the way the arena was paid.
He pointed out that while The Palace of Auburn Hills was paid for by private owners, the key difference is it’s an isolated venue in the suburbs.
“The Palace gets all the revenues from parking, concessions, retail,” Ilitch said, pointing out that those sources of revenue are key to the financial success of a major venue.
Did you catch that? Out in the boonies of alleged sparse populous, a billionaire with his own money, is to house his own business with rightful privilege to any and all revenue gained from his ancillary services provided to his customer.
Others, such as St. Clair Shores resident Scott Mitchell, came early to beat the wait.
“If it’s for our safety, I don’t mind it,” he said.
“I’m OK with it,” said Bryan Collison, 27. “Pretty much anywhere you go now you have to use these.”
Larry Dewey, 58, wasn’t worried about longer lines, either. Dewey has been to more than 30 Opening Day games and said the change wasn’t that big of a deal.
“Safety first,” the Rochester Hills native said. “Once everyone gets used to it, it will be just like any other game.”
Now, how did Franklin know that what he warned about would be Boomer and Millennial dolts? What a visionary Ben was. If one suspected otherwise one most certainly could assert that the indoctrination is being induced from elsewhere *cough*Public Act 396 of 2012*cough*.