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It certainly seems like the commission made the right decision for Albany. Let's recap- 1)our budget is tight so let's give back 10 million dollars; 2) lets spend another 300k that we don't have; 3) lets shift the lease payment from FTA to the local budget. Makes total sense to me.
This makes no sense. The city received 10 million in stimulus funds (i.e. not from the local budget) and have federal funding for a 3-4 million (also not from the local budget). They cancelled the project and the 10 million goes away and the other funding will also now be in jeopardy. This money would have gone to build the facility. When the money goes away where exactly do you think the money will come from? I will enjoy watching this one unfold, and will certainly remember who stole 10 if not 13 million dollars from the Albany Economy.
So why exactly would you vote down the one project that was totally funded from outside of the local budget. By taking this action the commission has effectively shifted the burden of funding the project to the local budget. I am no mathematician, but that basically means that the local budget goes up. I guess that is what you call smoke and mirrors. What this smoke is also covering up is the several MILLION $ associated with the development of this project that would have been a direct benefit to local businesses. The City owes an apology to the hotels, restaurants, grocery stores, contractors, construction materials companies, and other businesses that just lost several million dollars that will no longer be spent on the LOCAL economy. It makes you wonder who exactly will benefit from cancelling this project that has been in the works for over a decade.
Last login: Tuesday, June 19, 2012