Stan Adelstein's take on expansion

http://way2gosd.com/2015/03/06/what-ive-learned-and-want-you-to-know/

"It’s too expensive and we are borrowing to capacity, and beyond.

• We had to do some fancy bookkeeping to prove to the bank that our city can afford the proposed, colossal expansion—we had to combine The Vision Fund and the Capital Improvement Project Fund (CIP Fund).
• The city’s own Finance Officer was on KOTA as saying this was necessary to get financing: “Sumption says the accounts were combined in order to show lenders that the city has enough revenue to pay off any debt obligation that would be incurred from the expansion.”
• The Vision Fund is funded by a half-cent sales tax and the CIP Fund is funded by another half-cent sales tax."

Great summary of information from Stan.