(08-28-2013 12:05 PM)Fitbud Wrote:  

(08-27-2013 06:28 PM)randaddyminer Wrote:  it is costing us less than anticipated.

I seriously doubt that.

If you take into account what the original estimate to renovate City Hall and include the original price of the stadium and compare that to the current cost of the stadium and current estimates of relocating City Hall, I think those numbers have gone up significantly.

Remember, mountain star doubled their rent. Also, the city can recall the bonds at any time, so if the risk free rate drops at any time, they can recall the bonds and reissue new ones. Also, it is anticipated that the bonds could be paid off ten years in advance if city leaders choose to go that route.