boon•dog•gle
North American / informal
noun:
work or activity that is wasteful or pointless but gives the appearance of having value.verb:
waste of money or time on unnecessary or questionable projects.Get email notification of new posts
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Tag Archives: LTE
MSA-dictated bill SB1038 at odds with project as presented to citizens of Frederick (Senate testimony)
Senators: the City of Frederick’s Downtown Hotel and Conference Center project should not be referred to the Maryland Stadium Authority (MSA) for financing at this time. As presently constituted the project is a bloated mess, undeserving of $20 million of … Continue reading
“Not on the hook” for losses? – boosters’ bond bills say we are (LTE FNP)
Sir: City officials and others promoting the downtown hotel complex have said time and again that taxpayers won’t be ‘on the hook’ for losses. Surely it is news that the new bond bill (HB1474/SB1038) referring Frederick’s Downtown
‘Simple arithmetic’ LTE Frederick News-Post
Sir: The advocates of putting tens of millions of taxpayer dollars into an upscale hotel downtown constantly cite the bonanza of spending and tax-generating dollars and new jobs that this establishment will supposedly create. Let’s apply some simple arithmetic to … Continue reading
Tax increment financing is ‘destructive financial gimmick’ LTE Frederick News-Post
Sir: Boosters of the downtown hotel and conference center project claim that tax increment financing will allow local governments to raise $20 million or so to support this project without any cost to taxpayers. The December 2015 packet to delegates on … Continue reading