SF Chronicle's Oakland Raiders, Mayor Schaaf Stadium Article Is Classically Bad
SF Chronicle's Oakland Raiders, Mayor Schaaf Stadium Article Is Classically Bad The San Francisco Chronicle has contributed to the pool of bad articles full of completely wrong information regarding the financing of sports stadiums (http://ift.tt/1WQfbvJ). The November 12th version would have you believe that a lease revenue bond issue has to be paid back by the public - not only is that not true, but the person sitting next to Oakland Mayor Libby Schaaf in the photo the SF Chron used was talking to her about the ability to float industrial development lease revenue bond issues, and how such a structure does not place the bond default risk on the public government. That guy was me. Trouble is, the SF Chronicle writer is one who, in 2012, tried to do a very inaccurate piece about the mentioning me while she was with the East Bay Express, and so I told her never to contact me again (http://ift.tt/1iYCpgh) - so it's no wonder she and the photog deliberately failed to mention my name. Too bad personal dislike, and a does of racism on their part, causes bad journalism, but that's the case with the SF Chronicle. Any good journalist, which don't seem to be in abundance with the San Francisco Chronicle, would bother to talk to me (as I advise Schaaf on this matter) do research and learn what I have written for some time: that there are sports stadium deals that have been done and which don't call for a public subsidy or bond default protection by the government. One example is the one done for the stadium for the Houston Texans - the bonds did default and because of the way the deal was written, the City of Houston and Harris County weren't on the hook for the bond defaults. You can also look at the deal for the Carson NFL Stadium, too. The one that the Raiders seem to want to have done is such that no public money has been called for, and Goldman Sachs has said it will cover cost overruns. You'd think any SF Bay Area journalist would have BOTHERED to read the documents associated with that deal, but NO. Lazy, man.
via YouTube http://youtu.be/NKiPj7ICaNI
SF Chronicle's Oakland Raiders, Mayor Schaaf Stadium Article Is Classically Bad The San Francisco Chronicle has contributed to the pool of bad articles full of completely wrong information regarding the financing of sports stadiums (http://ift.tt/1WQfbvJ). The November 12th version would have you believe that a lease revenue bond issue has to be paid back by the public - not only is that not true, but the person sitting next to Oakland Mayor Libby Schaaf in the photo the SF Chron used was talking to her about the ability to float industrial development lease revenue bond issues, and how such a structure does not place the bond default risk on the public government. That guy was me. Trouble is, the SF Chronicle writer is one who, in 2012, tried to do a very inaccurate piece about the mentioning me while she was with the East Bay Express, and so I told her never to contact me again (http://ift.tt/1iYCpgh) - so it's no wonder she and the photog deliberately failed to mention my name. Too bad personal dislike, and a does of racism on their part, causes bad journalism, but that's the case with the SF Chronicle. Any good journalist, which don't seem to be in abundance with the San Francisco Chronicle, would bother to talk to me (as I advise Schaaf on this matter) do research and learn what I have written for some time: that there are sports stadium deals that have been done and which don't call for a public subsidy or bond default protection by the government. One example is the one done for the stadium for the Houston Texans - the bonds did default and because of the way the deal was written, the City of Houston and Harris County weren't on the hook for the bond defaults. You can also look at the deal for the Carson NFL Stadium, too. The one that the Raiders seem to want to have done is such that no public money has been called for, and Goldman Sachs has said it will cover cost overruns. You'd think any SF Bay Area journalist would have BOTHERED to read the documents associated with that deal, but NO. Lazy, man.
via YouTube http://youtu.be/NKiPj7ICaNI
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