The Fiasco of the Metro

We're going to get a new arena. Yay. But have you checked out the price tag? 500 million for some basketball games and a few other events? Has anyone in Louisville's government actually read the comments from various sources that say that for Louisville to become a major player in the economy of the future, we must invest in edcuation first and in arenas and new sports facilities secondly. Did that fact get by all of the parties involved in the arena decision process? When only one councilman voted against the arena says that some others were truly hoodwinked? That or in some cases truly were rubber stamps for whatever the true decision makers wanted.

500 million doesn't even cover what the whole project will cost after all of the years of having taxpayers funding the arena when it turns into more of a money pit. Arenas do not act as revenue enhancers and usually the taxpayers will have to cover the losses rather than like most businesses folding when they cannot pay the bills. This is all on top of the recent assertion that the Ohio River Bridges project is going to cost much more than initially planned. So much for the 20 years that our local governments have spent dilly dallying around trying to figure out how to build a bridge and where to put it.