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Your Opinion: Capital Mall bonds deal better than reported

Your Opinion: Capital Mall bonds deal better than reported

July 11th, 2019 in Opinion

Jerome Wolken

Jefferson City

Dear Editor:

Your July 2 article on the Capital Mall bonds was not accurate. It said the city will pledge TIF revenues and the CID will pledge CID sales tax revenues to help repay the bonds. The fact is, these two tax revenues are the only thing that repays the bonds. If these taxes do not generate enough money to repay the bonds, the bondholders are the ones that lose their money. F&F Development has no obligation to pay back any money that they received. What a sweet deal. Our city leaders sure know how to take care of their friends.