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[QUOTE="cuseinchina, post: 934258, member: 3079"]
private investors are not going to get involved if they think they can't get a decent return on invested capital.  I don't know what their assumptions were - but they certainly expect to do better than the return on treasuries.   20% of $500M is still a significant investment and one that would not be undertaken if it didn't meet or exceed whatever their IRR hurdle rate is for these projects.   I love you how you think you are so much smarter than everyone.  All I'm saying is - lets consider the numbers, look at the assumptions and see if this makes sense or not - you are just assuming that the numbers don't work and rejecting clear examples of how they could without expressing openness to consider the detail were it to become available.   .

For the 20th time I have no idea if the economics work but to conclude that a bunch of smart development people who were able to pull in private investors are not as able as you to calculate project returns seems less than humble.  But my main issue with you has been and continues to be your disregard of public private partnership in general as being anti-capitalist when the opposite is clearly true.  I've wasted enough time on this dead horse, enjoy your complaint sessions while the rest of the world tries to solve problems and get things done.
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