By: Diane Benjamin
PDF page 71: https://www.bloomingtonil.gov/home/showpublisheddocument/30862/638677145542530000
To pay off anything you can’t pay just interest. This is almost $300,000 of your tax dollars thrown away on interest.
Bloomington taxpayers still owe over $21,000,000 almost 20 years after it was built: https://blnnews.com/2024/09/24/coliseum-spotlight-last-night/
Possible options: Sell at a loss which would also reduce costs of upkeep. Option 2: Force Connect transit to reduce their losses each month ( around 1 million) and apply that to paying off the coliseum. Option 3: I can’t think of one.
20 Years of payments and barely a dent in the principle. It would be entertaining to pull out the original consultant’s report that was used to justify building the arena.
They claimed it would pay for itself