Monthly Archives: November 2019

New boondoggle financing plan glimpsed — hotel a third bigger, op profit up 78%, still hoping for $5m State subsidy

MuniCap, the City’s financial consultant has radically enhanced its assumptions about the financial viability of the downtown hotel project in reports delivered to the City dated October 25 and November 5.  Net operating profitability, and hence market valuation — based … Continue reading

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