Comments on: CCDC Short On Funds For Courthouse Debt

By: James Bond

James Bond — Fri, 06 Feb 2009 16:56:01 +0000

The people who brought us University Place are deeply involved in a lot of the development along the Front and Myrtyle corridor, vis-a-vi the CCDC.

There was a report a few months ago concerning bank failures that said something about this kind of debt (from creative local government financing schemes) is a big problem and will be a big part of the bailout. I wish I’d kept the link to that article. I think I posted it on another thread.

I wonder if Bieter has thought about asking the Attorney General for help? The Attorney General has some unique powers involving financial fraud and financial issues.

By: Mike Murphy

Mike Murphy — Fri, 06 Feb 2009 12:35:25 +0000

Transparency and accountability will come only with the absorption of Boise’s various Shadow Governments – such as the CCDC – into existing city agencies and departments.

A move as unpopular within City Hall as within the Shadow Governments themselves, because it will also bring an end to years of Plausible Deniability afforded City Hall.

—

The definition of insanity is doing the same thing over and over again and expecting different results! ~ Albert Einstein

By: Ridenbaugh Press/Northwest » Ada County’s creativity

Ridenbaugh Press/Northwest » Ada County’s creativity — Fri, 06 Feb 2009 04:02:23 +0000

[…] tip to the Boise Guardian, which adds that “Urban renewal opponents predicted for years that taxpayers would ultimately […]

By: cathy

cathy — Fri, 06 Feb 2009 01:30:30 +0000

From the story: “or a payment each year from county taxpayers, to make up the deficit.” I’m wondering just how they are going to get county taxpayers to make up the deficit? Increase property taxes? Impose a tax on each county resident? If anyone knows, please post. Thank you!

By: Tom Anderson

Tom Anderson — Thu, 05 Feb 2009 21:36:27 +0000

— Sharon Ullman for Governor! —

By: Matt

Matt — Thu, 05 Feb 2009 21:32:16 +0000

The whole scheme around financing the courthouse has been a mess since it started. Empty space, unrented apartments and pipe dreams do not equal a responsible, feasible long term financing solution. The public should have been able to vote on a bond to fund the project.

This is Idaho’s version of a ponzie scheme.

This is why we cannot let our state constitiution be changed to allow local option taxes or less than 66% approval of bonds – or you well get a lot more of this “creative” financing.

By: Clippityclop

Clippityclop — Thu, 05 Feb 2009 18:26:35 +0000

Sharon,

You’re my hero. Puh-leeze continue to keep us informed… this story is outrageous! Rick, Fred, where are you on this? That plucky chick is showing you both up already and it’s only February.

By: Serendipity

Serendipity — Thu, 05 Feb 2009 16:41:02 +0000

“…but urban renewal PROponents have always claimed that any default risk would be only on the bondholders and “bond insurance” would protect them.”
Hmmm, nothing about the bond insurance angle in the article; surely this is also known to somebody? Dave? or Sharon?

By: Antiphobe

Antiphobe — Thu, 05 Feb 2009 15:56:58 +0000

How in the world could CCDC officials call a meeting to request deficit funding and not know the amount of the deficit required. Really Sharon? If this is true….god help us.

By: boisecynic

boisecynic — Thu, 05 Feb 2009 15:08:02 +0000

Sounds like it’s time for the county/city to make more laws and more fines for existing laws in order to increase court activity and bring in more revenue.

Let’s see, fines for code violators, at $50 a pop that could probably wipe out any deficit and pay the building off in a few years. Bigger fines for dog poop in the foothills, greenbelt, school playgrounds would generate $1000s in annual revenue. Prohibit alcohol again! Make the age of consent 21 instead of 18. Add a 2C button to parking meters. 2C plate holders must press the 2C button on the meter which activates double fees. If the meter enforcer finds a 2C car without an activated 2C button the car gets a double fine.

Any more?