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@MLD:

Pretty sure that's a complicated economic financing tool known as "a loan."

Not sure why we need a "private" company to do this instead of just selling infrastructure bonds and then paying back the debt out of... government revenues.

I was thinking the same thing. This is not allowing some capability we don't have. It's just making the funding mechanism less transparent, allowing us to say we haven't added to government debt--but at the same time, giving up future revenues and almost certainly also control over future fares. Probably also future control over the streetcar system itself. Not to mention that it would surely end up being more expensive than simply issuing bonds...

But hey, we get to say we aren't taking on more debt, so that's totally worth it, right?

by Gray on Jun 5, 2012 10:00 am • link • report

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