By now most of us probably know the "lame duck" Town Council voted to expend $48.6 million for a bond issue to fund the Naranja Park site.
We noted in previous postings that we believe the timing to go out and finance a park with a property tax on the citizens in not a smart thing to do, especially when many believe the country is either in or going into a recession.
Question: What is your thought on the town not only proceeding with putting this on the Nov 2008 ballot, but expending taxpayer's money by constantly running 1/2 page full color ads in The Explorer touting the park?
Before you respond, keep in mind, the new OV budget totals $201 million, an $82 million increase from last year. $48.6 million of the increase is for budgeted expenses tied to passage of the Naranja Town Site proposed park.
You can respond here, or via text msg. or email.
Friday, May 2, 2008
Maketplace Tenant Linens n' Things Files For Bankruptcy
Oro Valley Marketplace tenant Linens 'n Things filed for a Chapter 11 bankruptcy. This gives them the opportunity to file a plan of reorganization. They can abandon leases. They can abandon new stores. All will be part of their plan. Perhaps one less tenant in our very ordinary $23.2 million citizen-subsidized gigantic strip-like shopping center.
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