Agree with teatime. Lots of bond money chasing over building of sports complexes. Investors feel safe with public bonds but they’re in surprise defaults. Sioux Falls became the mortgagee for another default like 2008. Stretch the income reporting and it’s possible to build indoor follies. However, keeping them open and maintenance are new uncontemplated expenditures.
Unbelievable! So funny, but so accurate. Also, nauseating how the industry works. And Sioux Falls sips the stadium koolaid.
Agree with teatime. Lots of bond money chasing over building of sports complexes. Investors feel safe with public bonds but they’re in surprise defaults. Sioux Falls became the mortgagee for another default like 2008. Stretch the income reporting and it’s possible to build indoor follies. However, keeping them open and maintenance are new uncontemplated expenditures.