Huckleberries Online

Berns: Gookin Wrong Re: Windfall

Executive Tony Berns of LCDC responds to comments made by Councilman Dan Gookin earlier this month:

At the City’s June 6, 2013, strategic planning session, Councilman Gookin shared that a key strategy of his to address the City’s budgeting challenges would be to terminate the LCDC, thus resulting in more revenue to the City (link to his comments:  http://youtu.be/h-oOmNDmq0).  As you know Wendy, LCDC has two redevelopment districts; the Lake District which sunsets in 2021, and the River District which sunsets in 2027.  Councilman Gookin shared that via his analysis, it would take about 3 years to “unwind the debt” of the LCDC, which he shared would then result in an additional $3 million/year of revenue for the City. There will not be $3 million in revenue per year to the City of CDA in three years by terminating the LCDC in 2014The City will not experience a windfall of new revenue if the LCDC is terminated.  Here is why: More here.

Question: Would it be foolish/wise to terminate LCDC in 2014?




You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Huckleberries Online


D.F. Oliveria




Close

Sections


Profile

Close

Contact the Spokesman

Main switchboard:
(509) 459-5000
(800) 338-8801
Newsroom:
(509) 459-5400
(800) 789-0029
Customer service:
(800) 338-8801