Oakland Raiders Las Vegas NFL Stadium Bond Debt Not Covered By Hotel Tax Revenue Says Muni Banker - Video
The Oakland Raiders Las Vegas NFL Stadium Bond Debt Not Covered By Hotel Tax Revenue says a municipal investment banker friend of mine, today. He's been in the business for almost 20 years, and finally took a look at my analysis, and texted back this message: "The article was post sale. Also, the bds are a ltgo. So, any shortfall will be covered by property taxes. Not the general fund. Not to say this isn’t a bad deal. Most publicly financed stadiums are. But, if this deal goes belly up. Home owners in lv on the hook for it. " To which I replied..Which is exactly my point. Jessica Colvin, Clark County Finance Director, SPECIFICALLY TOLD me that would not happen, on the record, and as a reaction to my assertion it would. Because that is the political issue in Nevada. The stadium tax revenue is not covering the bond debt and it will not. This comes as the Clark County School District laid off 500 people as a result of two $60 million deficits. So the next step is to keep your name out of this. And report the problem. But thanks He said “Nice. Just keep me/firm out of it.“ The fact is, the stadium hotel tax revenue, which has actually shrank by two percent over a 12 month period, is also too small to produce a base of money that can pay for the $650 million bond issue, with its monthly debt coverage ratio. But it's OK - Clark County Taxpayers will foot the bill, contrary to what they were told.
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Monday, August 20, 2018
Oakland Raiders Las Vegas NFL Stadium Bond Debt Not Covered By Hotel Tax Revenue Says Muni Banker
Oakland Raiders Las Vegas NFL Stadium Bond Debt Not Covered By Hotel Tax Revenue Says Muni Banker - Video
The Oakland Raiders Las Vegas NFL Stadium Bond Debt Not Covered By Hotel Tax Revenue says a municipal investment banker friend of mine, today. He's been in the business for almost 20 years, and finally took a look at my analysis, and texted back this message: "The article was post sale. Also, the bds are a ltgo. So, any shortfall will be covered by property taxes. Not the general fund. Not to say this isn’t a bad deal. Most publicly financed stadiums are. But, if this deal goes belly up. Home owners in lv on the hook for it. " To which I replied..Which is exactly my point. Jessica Colvin, Clark County Finance Director, SPECIFICALLY TOLD me that would not happen, on the record, and as a reaction to my assertion it would. Because that is the political issue in Nevada. The stadium tax revenue is not covering the bond debt and it will not. This comes as the Clark County School District laid off 500 people as a result of two $60 million deficits. So the next step is to keep your name out of this. And report the problem. But thanks He said “Nice. Just keep me/firm out of it.“ The fact is, the stadium hotel tax revenue, which has actually shrank by two percent over a 12 month period, is also too small to produce a base of money that can pay for the $650 million bond issue, with its monthly debt coverage ratio. But it's OK - Clark County Taxpayers will foot the bill, contrary to what they were told.
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https://youtu.be/lZVanw5b2xY
The Oakland Raiders Las Vegas NFL Stadium Bond Debt Not Covered By Hotel Tax Revenue says a municipal investment banker friend of mine, today. He's been in the business for almost 20 years, and finally took a look at my analysis, and texted back this message: "The article was post sale. Also, the bds are a ltgo. So, any shortfall will be covered by property taxes. Not the general fund. Not to say this isn’t a bad deal. Most publicly financed stadiums are. But, if this deal goes belly up. Home owners in lv on the hook for it. " To which I replied..Which is exactly my point. Jessica Colvin, Clark County Finance Director, SPECIFICALLY TOLD me that would not happen, on the record, and as a reaction to my assertion it would. Because that is the political issue in Nevada. The stadium tax revenue is not covering the bond debt and it will not. This comes as the Clark County School District laid off 500 people as a result of two $60 million deficits. So the next step is to keep your name out of this. And report the problem. But thanks He said “Nice. Just keep me/firm out of it.“ The fact is, the stadium hotel tax revenue, which has actually shrank by two percent over a 12 month period, is also too small to produce a base of money that can pay for the $650 million bond issue, with its monthly debt coverage ratio. But it's OK - Clark County Taxpayers will foot the bill, contrary to what they were told.
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https://youtu.be/lZVanw5b2xY
Brett Kavanaugh Urged Graphic Questions in Clinton Inquiry – New York Times
New York Times… know, the interests of the office of the president would best be served by gathering the full facts regarding the actions of this president so that the Congress can decide whether the interests of the presidency would best be served by having a new … and more …read more Source:: New York […]
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After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors – New York Times
New York TimesMuch of the anger that investors feel is toward the smaller virtual currencies, or alt coins, that entrepreneurs sold in so-called initial coin offerings. These coins were supposed to serve as payment mechanisms for new software the entrepreneurs were … and more …read more Source:: New York City News By Google News
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Goats caught roaming New York City subway tracks – Fox News
Fox NewsIt was just another baaaaad commute for a duo of New York City transit riders. Subway officials were surprised Monday when they caught a pair of goats wandering the tracks in Brooklyn. The four-legged animals were walking on the N line. “They’re safe …Goats Take Subway Tracks (to Work?) in BrooklynNBC New York all […]
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Katy Tur Call Chris Jansing Of MSNBC “Ron Burgundy,” But Who Is Ron Burgundy?
Katy Tur Call Chris Jansing Of MSNBC “Ron Burgundy,” But Who Is Ron Burgundy? - Video
MSNBC’s Chris Jansing flubbed saying her own name on the TelePrompTer she was reading after a segment. So she turned to Katy Tur, her colleague waiting to start her own spot, and asked rhetorically “Who am I?” Tur, without missing a beat, said “Ron Burgundy?” He is the anchorman played by Will Ferrell in the movies of the same name: “Anchorman.”
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MSNBC’s Chris Jansing flubbed saying her own name on the TelePrompTer she was reading after a segment. So she turned to Katy Tur, her colleague waiting to start her own spot, and asked rhetorically “Who am I?” Tur, without missing a beat, said “Ron Burgundy?” He is the anchorman played by Will Ferrell in the movies of the same name: “Anchorman.”
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Fatal Stabbing Near New York’s Times Square – U.S. News & World Report
Fatal Stabbing Near New York’s Times SquareU.S. News & World ReportNEW YORK (AP) — Police say a man has died after being stabbed in the chest on a tree-lined street near New York‘s Times Square. Officers found in front of a brownstone apartment building on West 46th Street in Manhattan around 3 a.m. Monday. A […]
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‘Tremendous Amount of Pain’ in Store for New York Commuters – U.S. News & World Report
‘Tremendous Amount of Pain’ in Store for New York CommutersU.S. News & World ReportUNION CITY, N.J. (AP) — There may come a time when hundreds of thousands of people who use rails and roads to get from New Jersey into New York City won’t have to endure major construction projects that complicate a journey already […]
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Asia Argento, a #MeToo Leader, Made a Deal With Her Own Accuser – New York Times
New York TimesThe documents, which were sent to The New York Times through encrypted email by an unidentified party, include a selfie dated May 9, 2013, of the two lying in bed. As part of the agreement, Mr. Bennett, who is now 22, gave the photograph and its … and more …read more Source:: New […]
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