The article by Mike McPhee states that "the announcement of a $304 million federal loan Friday gave the green light to the redevelopment of Union Station... ."
Further, "the loan (is) guaranteed by the City and County of Denver."
This means that one level of government, the feds, are going to give your money to another level of government, the Regional Transportation District, and that another level of government, the City and County of Denver, has guaranteed with your money the loan of your money to you.
All of this for a project no private investor would touch.
Of course, every transaction between each level of government has a cost. You, of course, pay for that, too.
2 comments:
Aren't there projects a society needs built but the private sector won't touch because there's no ability to generate profits?
Rob, if by "ne@ed" you mean "wanted by people with political power", then yes, there is "need". But if there was true need for this by the public, their wouldn't be a need for tax dollars to build it.
Overall very fitting for a public project plopped down in the middle of a massively subsidiezed neighborhood.
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