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[QUOTE="cuseinchina, post: 937727, member: 3079"]
You are running on fumes now buddy.

This is very simple.   There is necessarily less risk to the taxpayer because you are replacing public debt with private equity.  Less public money is at risk.  In return you give up some of the upside by letting the private investor run the concession and let then keep the excess profits after your debt is paid.    Additionally if you believe that private companies are better at judging and investing profitably than government, you should feel good that private players want to be involved in a project because it means they think it will make money.

You are welcome to your view that stadiums are a poor use of taxpayer money.  I think it is entirely situational and the characteristics of the proposed project in Syracuse make me inclined to think in this situation the investment would be a relatively good one, without seeing their assumptions I can't say for sure.  But your attacking it based on ppp being a scam is just really completely wrong.    Almost as wrong as assigning zero value to intangible assets.
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