Arena Yay or Nay?

Both it is as tough as it gets. Who do you believe in this fight? With the economy sputtering along, I can see why folks are nervous about spending $65 million. Most dont believe a word out of City Hall concerning the funding streams. Basically, the City has determined that 2 major funding streams exist. Profits from Hollywood Slots Revenue Sharing, and the infamous Downtown TIF Account. It doesnt take a lot of research to find that the Downtown TIF Fund is just another money arm of Hollywood Slots, and they infact provide at least 90% of that fund. So really now, there's only 1 source of cash to float this project, our good friends at Penn National.

I listened carefully at the Chamber Breakfast the other day, and Councilor Bronson seems to have his ducks in a row. He's a fairly conservative fellow, and pretty tight with the purse strings, so I'm giving him the benefit of the doubt. As for Deb Cyr, well, she's the best around at what she does, so you gotta go with her numbers on this.

My final thought is, lets build this thing and see what happens. If the $$$$ dries up and the funding disappears, I can easily move to Brewer, Veazie, or god forbid, Hampden. Nobody is forcing me to live in Bangor, or to pay for this arena. That being said. ARENA YES!

Dont forget to cast your vote on 5/4. Till next time, keep the faith and stay thirsty.