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Old 12.17.2008
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Road Borrowed money a poor solution

Borrowed money a poor solution
12/16/08
Suffolk News-Herald, VA
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The idea to borrow over almost $100 million (plus interest) to finance the widening of Route 58 in Holland to accommodate the CenterPoint warehouse/trucking complex is a bad one for several reasons.
First, the main attraction for the CenterPoint plan has been to gain the estimated $3 million in annual property taxes that the complex will generate. But all of the taxes raised will be needed just to pay off the debt in a 30-year payment plan.
More >> http://www.suffolknewsherald.com/new...poor-solution/
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