http://www.kotatv.com/news/south-dakota-news/civic-center-crossfire-vision-fund-projects/31339944
"Don Frankenfeld is a consulting economist who also serves on the
Civic Center board. Frankenfeld says, 'I think the ultimate question is
what sacrifices are involved in making the decision in going forward
with this $180 million expenditure. There will be costs and what will
those costs be?'
The $180 million expenditure for the civic center
expansion means that for five to seven years, no additional Vision
money will be available for other projects that have tapped into these
funds. That would include such projects as the Hospice House, Storybook
Island, Canyon Lake dam reconstruction, the Club for Boys, and the
soccer complex on Elk Vale Road.
Even after that time period, each
year for the next 30 years, about $11 million of the Vision Fund will
be allocated to pay off the expansion debt. "
The assumption seems to be that the larger civic center will produce larger income for the city. But will this larger income offset the huge expense? I think not.
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