Thursday, September 23, 2010

Escalating Costs Fail to Dim Mesa Enthusiasm for Cubs Deal

Imagine being a prospective buyer searching for a residence and finding an attractive home in a desirable neighborhood with an asking price of $260,000. Since that price falls within the range you had planned to spend, an offer is made to buy the property. Unfortunately, another buyer has swooped in ahead of you and bought the home. Because you liked the location and you liked the house, you proceed to search for a similar residence nearby. Though there are other homes for sale in the neighborhood, they are quite a bit more expensive. Nevertheless, you decide the extra money is well spent and end up buying a property virtually identical to the first home for a cost of $840,000 or more than triple what you had originally planned to spend.

The City of Mesa is on the verge of making a similar decision. Back in February of this year the city issued press releases stating that Mesa residents would pay $26 million toward a new Chicago Cubs spring training facility. Today, the same city officials say Mesa residents will pay $84 million toward a new home for Cubs spring training. Yet, despite the ballooning costs to the taxpayers, city officials steadfastly maintain the economic viability of the deal. All those taxpayers who believe in grossly overpaying should favor the Cubs development, while those with any sense of value will be against the project.

1 comment:

  1. I came to your site by way of an email pointing to www.voteno420.com

    Thanks for taking the time to do what you can to bring this issue to light for the voters of Mesa. I hope we get enough people to realize that this proposition is not a good deal for Mesa. It is clear to me that the question is a moral one and the answer is to vote NO on 420.

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