Someone doesn't look like they want to be in this photo with the mayor, the U.S. treasurer and some council members.
Like I said, we're a wee bit shorthanded at the moment, and I couldn't find anyone willing to spend a damp afternoon at the Omni construction site with Mayor Tom Leppert and U.S. Treasurer Rosie Rios. Which doesn't mean we can't share this group photo provided by Chris Heinbaugh; Merten's already made it his computer-screen wallpaper. And, after the jump, some "fun facts" (says so!) about the construction of Your Convention Center Hotel, provided by City Hall. Such as: "The project will include 60,000 cubic yards of concrete, totaling 243 million pounds. This is enough concrete to build a 4-foot wide sidewalk over 230 miles long (the approximate distance from Dallas to Houston)." Useful!
I had no idea the Conservatives in Dallas,were using anything connected to the Obama administration,certainly not $338 million in value.
The $37 million ,already spent should have created some jobs.Why did someone say the Obama resources were not coming in fast enough?
Should the bond holders foreclose on the city for the payment on the hotel,will they also ask ownership and revenues from the DART D2 line going to and underneath the Omni Hotel?
Should the bond holders foreclose on the city for the payment on the hotel,will they also ask ownership and revenues from the DART D2 line going to and underneath the Omni Hotel?
Cassandra, stop wondering.
"General fund" is not listed on the "payable solely" list in the Dallas City Charter.
SEC 4. REVENUE BONDS
...
"Such bonds shall be a charge upon and payable solely from the properties, or interest therein, pledged,or the income therefrom, or both...."
Hey john m, think of this equation: when the hotel revenue and taxes aren't enough to pay back those revenue bonds, and the city council "will consider" using city general funds to pay on those revenue bonds, wonder if street repair funds will suffer further? Will dallas residents allow city council to use general funds for revenue bonds? Wonder if there's anything in our city charter that addresses that ...?
<i>This is enough concrete to build a 4-foot wide sidewalk over 230 miles long (the approximate distance from Dallas to Houston).</i>
That comparison is hard to visualize, maybe they could give me a easier to understand one like how many of the potholes in Dallas that we currently can not afford to fix would that concrete be able to fill.