to leave the table. Blogolanders and Trentonians, the hotel continues to be a very white elephant; a millstone; an overpriced luxury. We must sell it! Yes, Trenton will lose a lot of money, but, hell, we've already lost a lot of money! The hotel was a bad idea from the beginning; if Trenton had a market for a hotel, a private chain would have been here on their own. Maybe a smaller hotel would have worked - you know, one hundred rooms, seventy-five rooms. I don't know. What I do know is that we can, as a city, no longer afford this place.
Losing money on a a deal does not make me happy, but I also know when to leave the table. Ain't gonna get better only worser. And you wonder why the big, bad state doesn't jump in to give us millions? Hell, we've borrowed money that we haven't even begun to repay. If this were an AmEx card, we would have been cut off long ago. Obviously, we're not too good with money.
Kevin Moriarty did an excellent posting on this hotel nightmare - read it. Hopefully, the four members of council will stick to their guns and vote down anymore money.
By the way, a bit of history. Former South Ward Councilman, John Ungrady, always said, "The city shouldn't be in the hotel business."
Finis for a bit.
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