Quantcast

Categorized | Opinion

Leading the sheep…

Leading the sheep…
By Buddy Cousins

Mayor Jones plans for revitalizing the Shockoe Bottom section of Richmond, VA is based upon flawed data, projections and estimates. We’re talking about REAL TIME, and not a “Field of Dreams” that Mayor Jones is living. Put aside your emotions, and examine the FACTS, and “the truth shell set you free.”

If you were not aware, the City of Richmond, by contract, is required to pay the Washington NFL team $500,000.00 every year for the honor of having them practice in Richmond. The mayor said this amount would come from the sale of advertising.

YOU LIED!

As of January 15th Richmond had not made last year’s payment, and was looking at a deficit of over $250,000.00. Last year will be THE BEST YEAR the city will have in selling anything connected to the team, unless it gets the concession for selling RGIII jerseys.

Why is this important?

It’s important because the same man that “projected and estimated” this huge windfall for the city, with the coming of the Washington team, was way off base. Now, this very same man is again “projecting and estimating” only this time it’s for a much greater sum – $187,000.000.00! That’s the amount Mayor Jones is “estimating” the Shockoe project will produce in tax revenue over twenty years.

That equals $9.35 MILLION tax dollars, per year. The mayor fails to mention a couple of things. The ballpark only functions about 20% of the year. There is already an abundance of vacant apartments in the Shockoe district. There’s much more, but we’ll leave it at those two.

There was a full two-page spread in the RTD a couple of weeks ago, and its intent was to gather support for and show supporters of the mayor’s plan. Of the thirteen entities listed in support of the plan, I could only see ONE that actually pays the city any taxes – the Flying Squirrels. One of the supporters, Venture Richmond is right now seeking tax-exempt status for a stadium it is constructing in Richmond.

I’m for revitalizing Richmond. It needs it.

The problem is the mayor’s plan is not a solid financial one. It’s full of… well it’s full of too many “swags.”

You ask what “swag” is?

It’s a Single Wild Ass Guess – and that is exactly what the mayor is making.

Buddy Cousins

The Richmond Examiner

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog.

Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

Check out NewsMax!

Sign up for Virginia Right Once Daily Email Digest

No Spam - ever! We send a daily email with the posts of the previous day. Unsubscribe at any time.
* = required field

Submit a Blog Post!

Submit a Blog Post for our 'Boots on the Ground' feature

Click Here for Instructions on How to Submit a Post

Google Ad

Google Ad

Follow Us Anywhere!

Google Ad

Archives

Facebook Auto Publish Powered By : XYZScripts.com
%d bloggers like this: