This is the vast "Three Shell Monty" played at the governmental level. You send me your taxpayers money for my project, and I’ll send you my taxpayers tax monies for your projects. We’ll hide it using other governmental agencies, but we politicians (wink, wink) have set the rules – just watch our hands. And we’ll sell this game as "Free Money" – hey, it doesn’t cost US anything, right?
Once again, we run into the case that when the locals either don’t have the money or are unwilling to ask their taxpayers for more to pay for what they want, they go for the "free money". From yesterday’s Laconia Daily Sun (P. 9):
Pulling together the funds to buy Colonial is going to be complicated
In the next town over, Laconia, there is an old building that houses what used to be an old style stage theater that, now that its run as a converted "multiplex" is over, has now sat vacant for a number of years. Simply, no entrepreneurs wanted to buy it for any purpose. Yet, there are those in town that just want to see it restored to its former magnificence and start doing plays and such. However, I do think that the sub-head says it all:
Formation of non-profit corporation seen as needed because for profit business is not going to step forward
Ya think? If folks, over the years, are not willing to ante up their own personal money (most people, even the uber-rich, are loathe to just throw their money away) for a project, it generally means it is a loosing proposition. Loosely put, if there is no profit, there is no need there for which people are willing to spend (unless it is flat out given to him). Yet, there are those that still want to City to buy it?
“Where do we get the $1.4-million to buy it?” asked City Councilor Bob Hamel (Ward 5). “It’s not coming from the city.”
No one questioned Hamel’s presumption that the city would not contribute to the cost of purchasing the property.
So what does it say when even the City Fathers won’t ante up? In short form,
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