To All COLA LO Members,
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Citizens are deeply concerned about the risk of the project and the fact that public funding will be used. Its a very strong concern in the community and the consultants have indicated that the city will need at least $8 million in "bridge" funding due to the schedule of construction and cash flows. Citizens expressed concerns about the City taking on the risk of the project.
The Council Review meeting can be found online at the TVCTV link.
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Councilor Tierney expressed that the Foothills Project and Streetcar are linked and that residents may need to accept Streetcar to get the Foothills Development Project.
Please notify all members, contacts, and friends.
It does not make any sense to to pay tax payers' dollars so that select few can profit. Stop paying tax payers' money for any development and find developers who are financially sound.
ReplyDeleteThank you for your comments and support.
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