Popular Posts

Friday, February 22, 2013

There Is Room At The Inn

Last evening, the Seven Argives (actually six as Ms. McBride was not present) let it be known they are not happy with the hotel, the management, or the, "marketing plan."  Sadly, no matter what council decides, the taxpayers will have a huge bill!  Trenton can keep the hotel and continue to underwrite the costs since there has never been a profit.  Also pay off the debt associated with the hotel which Trenton guaranteed.  Or the hotel can be sold for the, "best offer," which ain't gonna be much.  During the previous administration, possible sales were discussed in council but the interest was always in the parking garage which makes money.  Even if the hotel were sold, we would still have the bonds (debt) to pay off.  So, Blogolanders, accept the fact we have a very white elephant.  And council is between a rock and a hard place.

No comments: