Couldn’t we get a few more levels of government involved?
David K. Williams, Jr. | February 6, 2010
Today’s Denver Post declares in a broad headline
The article by Mike McPhee states that “the announcement of a $304 million federal loan Friday gave the green light to the redevelopment of Union Station… .”
Further, “the loan (is) guaranteed by the City and County of Denver.”
This means that one level of government, the feds, are going to give your money to another level of government, the Regional Transportation District, and that another level of government, the City and County of Denver, has guaranteed with your money the loan of your money to you.
All of this for a project no private investor would touch.
Of course, every transaction between each level of government has a cost. You, of course, pay for that, too.
Loading ...