A Weak “Shot in the Arm”

Reference Carlton Proctor’s November 8 article entitled: “CMPA gets $491,602 shot in the arm.” (see image below)

CMPA Shot in the Arm

Click to ENLARGE
and Read

The article does not include significant related information. It does not mention the $2.6 million the City and its Community Redevelopment Agency (CRA) are paying annually for principal and interest on the maritime park bonds. The major portion of this is attributable to the stadium. In addition, the City is spending about $350,000 annually on park operations and maintenance, much of it for the stadium.

“Virtually every independent economic study, including one by the Florida Senate in 2005, has shown that publicly funded sports stadiums are a rotten deal for taxpayers.” Carl Hiaasen, Miami Herald, syndicated column in Pensacola News Journal, January 12, 2010.

~ C. C. Elebash

This entry was posted in City of Pensacola, Community Maritime Park, Pensacola News Journal, Studer, Uncategorized and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s