Arena hits just keep on coming

By:  Diane Benjamin Bills and Payroll for tonight:  https://www.cityblm.org/Home/ShowDocument?id=24570 Coliseum expenses: The first entry is for bills Bloomington paid that VenuWorks needs to reimburse  – all the rest are coming out of taxpayers pockets: I don’t remember ever seeing a check written for loan payments, usually they do wire transfers: $795,000 was paid in principal […]

Interest is NEVER part of the cost

By:  Diane Benjamin Projects governments dream up never include the true cost, interest paid for decades could increase the price by 50%.  It could be even worse for Normal because they are paying no principal on many of their bonds – just interest.  Monday night is the semi-annual bond payments approval festivities.  Of course, discussion […]