Is this the same Patel that wanted to open the liquor store on West Main?
JCLifer - Your statement that Ameren's profit is limited by state law does not negate the fact that Ameren's profit is LARGE. The PSC is also limited as to their regulatory authority regarding rate increases. If Ameren can show that they arrived at their rate increase using sound actuarial principles, there's little the PSC can do but approve the increase. Ameren just received approval for a $273,000,000 increase. At least they had to put the legwork in to receive this increase. If Kehoe gets his way, Ameren will be able to increase rates at a certain percentage EACH YEAR without having to justify the increase to anybody. What keeps them from taking the increase each year whether they need it or not? Do you trust them to be honest? In closing, I'm not getting into a debate regarding this issue, I see to many of you do that on various issues and I'm not a fan, but I will say this -- take a look at Ameren's 2011 financial statements (available on their website) and review the information provided -- then come back and tell me they deserve to spend my money more than I do.
Correct me if I'm wrong, but doesn't Ameren make an extremely sizeable profit each year?Why are they not paying for their own infrastructure improvements? I'm beyond irritated with this proposal and with Kehoe's backing of it. I'm not trying to make a personal jab at Kehoe, but I think he should stick to what he knows best.....running car lots.
kentheco - I understand that some people will not find this stunt as humorous as others might, but to reach so far as to say he appears to have "a problem with alcohol" is really ridiculous. You looked on casenet and saw he had a ticket for underage drinking back in 2009. That was 3 years ago and that's the only "alcohol" related infraction he's had. I decided to look him up as well since you made the comment and other than a ticket for underage drinking, he's got two minor traffic tickets. If I saw multiple DWI's I could understand where you're coming from -- But there's not. And if everybody who's had alcohol before they were 21 or had drinks before a Cardinals game is an alcoholic, then there'd be a lot more people going to AA meetings!
"I find it ironic how some think the city should somehow guarantee that the proposed facility will be a raging success--yet do not want to see the city put a dime into it. It seems to me it is unreasonable to expect a high rate of return with no investment and no risk."
During a recession I do not think it is in the city's best interest to gamble with taxpayer dollars. And yes, right now while many people are living paycheck to paycheck I do not think it's ok to propose something that "may work". Drive up and down McCarty Street or High Street and look at all the buildings that need to be torn down....now that's a proposed investment with a guaranteed return. No business wants to move in next to a vacant, falling down building. And nobody wants to buy a house next to one either.
I've been to quite a few conventions both in and out of town and I have to disagree with the idea that bringing in convention goers will substantially increase revenue in our town. Most convention goers eat/drink at their hotels or a restaurant/bar that is recommended by locals....unfortunately the recommendation tends to be the same place each time. Convention goers are not spreading their dollars around....they typically stay within one or two businesses inside an industry. Until someone can tell me how bringing in a convention center will help the guy who changes my oil at Wal-Mart, or the person who cuts my hair, or the receptionist that works at the plumbing company that fixed my kitchen sink, or the really nice stocker boy at Hy-Vee that helped me find what I needed, or the person at the Dept of Revenue that helped renew my license plates, or any number of other citizens that make up the majority of this town, then I'm not interested. There's a reason why people keep telling special interest groups to pay for the convention center themselves....they are the ones that will use it and benefit from it. The other 90% of Jefferson City residents that won't benefit or find any use from the convention center could care less if we have one. Just don't expect us to foot the bill for it. That's all we ask.
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