Tuesday, March 18, 2008

The Other Shoe Drops; and Fuzzy Math

Well low and behold: Forest City says it can connect Medical Mart with convention center through Tower City Cinemas

Aha! I see the Forest through the trees. Forest City wastes no time in staking its claim to a chunk of the $43 mil per year Cuyahoga County is raping from its citizenry. Kinda makes ya go hmm . . .

Fuzzy Math: Let's see, if the convention center/medical mart costs $40 million for site development (air rights), and double that for construction, so we're up to $80 million, oh hell, let's triple it and do it right --- $120 million for the whole shebang and, as we recently learned, MMPI is kicking in $20 million of its own; when we're lookin' at roughly $100 million for this project.

$43 million per year in increased sales taxes times 20 years that the tax is levied; hmm let's see, carry the one, equals 860,000,000! WHOA! Hell, we can afford TWO convention centers, one at the existing public hall site and one at Tower City, and have money left over. Problem solved.

Hold the phone -- even better; we could just BUY Tower City, demolish it and build a new county administration building with a medical mart and convention center attached. I like this idea the best; only then, perhaps, we can end the raping and pillaging of Cleveland by the likes of Forest City. Actually, at least this time all of Cuyahoga County is getting hosed, not just Cleveland, so I should just zip it.

CEP

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