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Started By
Message
Best advice for SG.
Posted on 10/14/19 at 7:38 pm
Posted on 10/14/19 at 7:38 pm
Now that you're going to be a city, what it needs to do is issue a bunch of bonds. Bonds can pay for all kinds of goodies, I mean needed improvements. Of course, to sell bonds, you need help. That means underwriters, bond counsel, issuers counsel, financial advisors, underwriters counsel, development Bank services, ratings agencies, and other professional services. And all those require fees but don't worry, those don't have to be bid out. Yessir, we can cash out on this one.
6
Posted on 10/14/19 at 7:39 pm to prplhze2000
SG is lean. All it needs is a town hall and maybe a mayor's court.
I'd suggest building, rather than pull a Westwego and put them both in strip malls.
I'd suggest building, rather than pull a Westwego and put them both in strip malls.
Posted on 10/14/19 at 7:39 pm to prplhze2000
quote:form your own state
Best advice for SG
Posted on 10/14/19 at 7:40 pm to prplhze2000
I bet the new government is lining up to hire you as a consultant right now.
Posted on 10/14/19 at 7:40 pm to notiger1997
Gonna need a study done first.
Posted on 10/14/19 at 7:40 pm to prplhze2000
quote:
Best advice for SG.
Keep rocking!
Posted on 10/14/19 at 7:45 pm to prplhze2000
I am a huge St George supporter, but I think it’s naive to think it’s going to be some altruistic paradise. Some big money was out behind this effort, if you don’t think those folks don’t already have plans to see some ROI you have your head in the sand.
It’s like folks just forgot we are in Louisiana, and it’s pay to play. It won’t be rainbows and unicorns but closer to Game of Thrones.
I know everyone is doing touchdown dances now but if the professionalism doesn’t ratchet up 10 fold will be a rough transition ahead.
I would have voted for SG if I was in the boundaries, but I’m a realist and know the tough road we all have to hoe ahead.
It’s like folks just forgot we are in Louisiana, and it’s pay to play. It won’t be rainbows and unicorns but closer to Game of Thrones.
I know everyone is doing touchdown dances now but if the professionalism doesn’t ratchet up 10 fold will be a rough transition ahead.
I would have voted for SG if I was in the boundaries, but I’m a realist and know the tough road we all have to hoe ahead.
Posted on 10/14/19 at 7:48 pm to Napoleon
Bonding capacity probably close to $100 million. That's a lot of bonds to be sold.
Posted on 10/14/19 at 9:44 pm to prplhze2000
(no message)
This post was edited on 5/28/20 at 1:56 pm
Posted on 10/15/19 at 10:21 am to Patfic15
I'm being sarcastic but seriously, I don' thtink people understand how much of a temptation a brand new town with a completely untapped bonding capacity is.
This is where good ole boys use the system to loot the taxpayers. Bonds are too complex for most reporters to understand as well as politicians. Bid laws usually don't apply to all the lawyer and advisor fees SO Mr. Politician can throw a quick $50,000, $200,000, or even more to his favorite lawyer friend or "financial advisor".
If the FA is really slick and in cahoots with the politicians, they can set it up so the interest rates jump up in a few years, forcing a refinance to generate more fees. Meanwhile, the taxpayers and media get snookered because they really don't understand how these work.
St. George will be a huge temptation with a brand new, untapped bonding capacity.
This is where good ole boys use the system to loot the taxpayers. Bonds are too complex for most reporters to understand as well as politicians. Bid laws usually don't apply to all the lawyer and advisor fees SO Mr. Politician can throw a quick $50,000, $200,000, or even more to his favorite lawyer friend or "financial advisor".
If the FA is really slick and in cahoots with the politicians, they can set it up so the interest rates jump up in a few years, forcing a refinance to generate more fees. Meanwhile, the taxpayers and media get snookered because they really don't understand how these work.
St. George will be a huge temptation with a brand new, untapped bonding capacity.
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