- Aug 16, 2011
You talk a lot but eventually get to the point that it takes from taxpayers and gives to rich developers because the ROI isn't there. In other words, it's a bad investment. You keep saying that public private reduces taxpayer risk because you assume that it has to be done. You ignore the alternative of not building a new stadium at allcuseinchina said:So I thoroughly support your right to think the stadium is a waste of money and even your belief that its better yo let the state money get allocated outside of Stracuse rather than get stuck investing in a stadium. All of that is valid opinion. I just wish you wouldn't then degrade the quality of your argument by calling people Mao and labeling private public partnerships as communist. Private capital is necessarily more efficient than public, and its inclusion in large projects is anything but leftist. What ppp/bot really does is to shift the costs of projects closer to the beneficiaries on the form of usage fees to provide the necessary roi to the private capital. It is also derisks projects from a taxpayer perspective because it replaces public debt with private equity capital.