re: New MSY Terminal design: taxi times to increase by 40% for inbound jets, 70% for outbound

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bond is debt, municipality sells bonds for projects like that

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Exactly, this isn't anything weird so I'm not sure why doubled is upset about it

You realize there is only a finite amount of federal transportation money each fiscal year, right?

At some point, there will be a cutoff on how many bods we can sell because we’ll be spending the next 50 years worth of money before it is ever earned.


At a point, cost overruns on this clusterfrick will end up costing the state the ability to work on other infrastructure projects.

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You realize there is only a finite amount of federal transportation money each fiscal year, right?

At some point, there will be a cutoff on how many bods we can sell because we’ll be spending the next 50 years worth of money before it is ever earned

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I understand that. Kinda like toll projects... toll revenue can only support X amount of toll project spending.

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At a point, cost overruns on this clusterfrick will end up costing the state the ability to work on other infrastructure projects.

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You know these bonds are covering the interstate work, which is seperate and apart from the airport itself, right?

We have a 15 billion dollar backlog on state highway work. We have no incentive to use tolls, or to raise taxes, or to cut wasteful spending, to deal with it.

I'd rather have the money go towards a useful project, then be wasted on repaving roads that don't need to be repaved.

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This strictly makes no sense. The job of an airport is to be functional and this airport is not functional. It’s all about aesthetics.”

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This right here is Louisiana politics in a nutshell

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I'd rather have the money go towards a useful project, then be wasted on repaving roads that don't need to be repaved.

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Of course, but I’d rather our tax dollars be used on the highest priority projects, and as part of a well thought out plan and not just to help the governor get re-elected.

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The more efficient security check point set up

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maybe

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with a much better luggage handling design

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if people want to talk airport clusterfricks, THIS is the GOAT. if you think that goes well the first few years...

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However, it raises a red flag for me considering the article is from a Baton Rouge paper

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does Nola have any papers anymore?

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does Nola have any papers anymore?

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No and the politicians like it that way.

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I’m just pointing out that GARVEE bonds are not the same as munis,

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I'm not sure if you are confused or dishonest, but it's not a good look for you.

Muni bonds involve the borrowing of money to be repaid at a later date, via either a dedicated stream (dedicated tax or fee, etc), or as a general obligation bond (not pledged with a dedicated funding source).

Generally, as the agency collects the money, it deposits it, pays interest, and when it gets enough to pay it off, it pays it off, in one chunk.

GARVEE bonds involve the borrowing of money to be repaid at a later date (just like a muni), via FHA highway dollars. Instead of such highway dollars (a portion of the total highway dollars we get each year, mind you) being available for current spending, they are put into a sinking fund (just like a muni), interest paid (just like a muni) and eventually repaid (just like a muni).

It's the same principle, same ideas, etc.

You may not like the fact that they are being used for the airport exit, which is fine (and to some extent, I agree... I have said all along this exit should be a toll exit). But stop acting like this is some wild, crazy thing.