By: Diane Benjamin
The City of Bloomington has a long record of making bad deals. MILLIONS were thrown away on an unused Fire Station. Probably MILLIONS more were thrown away on an unused water tower – someday I may FOIA the actual cost. The Coliseum is a disaster sold to citizens as never costing a cent, Instead, bond payments can’t be made from Revenue, the statements issued by the management company aren’t close to accurate (but the media reports them anyway), and the real losses are huge.
But this Council is so smart they won’t make the same mistakes.
Consultants were hired for other projects, they were wrong.
This Council thinks their consultants know what they are doing.
So did past Councils.
Here’s one of the things on the agenda for Monday night:
$1,400,000 to purchase a property the private sector should be developing instead of government.
Renner claims the City is on solid financial footing (thanks to tax increases) but it’s rapidly disappearing into developing his much-loved downtown.
The east side will have a huge TIF district, another huge TIF will be required for Giebelhausen and this property. Decades from now taxpayers may see some benefit. Meanwhile developers will get paid handsomely playing on Renner’s downtown hopes and dreams.
Anybody want to guess what state Renner will retire to when he’s done playing downtown developer?
Taxes and debt will make things very uncomfortable for him here.
See the packet for Monday here: http://www.cityblm.org/index.aspx?page=242&parent=9534 Page 169