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Bond referendum for sports complex

Posted: April 10, 2012 11:37 a.m.
Updated: April 11, 2012 5:00 a.m.

Finally we have a market-driven proposal! This is an excellent way to finance the proposed sports complex project because, if passed, people must vote with their wallet, which raises the bar significantly on the issue of moving forward with the sports complex. It is one thing for people to vote without seriously thinking about: (1) the method of finance directly affecting them, and, (2) having a well-researched, cold-blooded, accountable assessment of the probability of success.

I am a retired sales rep. The company I retired from after a lengthy number of years -- as one of the highest paid reps in my division -- always required each rep to do a semi-annual assessment of, among other things, potential new business and a rating, on a 1-10 scale, of a realistic probability of success. We were also required to keep management (in this case, the citizens of Camden) updated on progress/attainment of our projections (read accountability). This impacted decisions on continued employment (read election) as well as financial reward for performance, or lack thereof.

This is not to boast, but to give insight into the efficiency of true market-driven business decisions, which is how this decision should be made. I will gladly financially support, via bond purchase, the building of this facility if the City Council can publicly provide a nuts-and-bolts, itemized projection of revenues to be achieved, by what specific means, and by what specifically projected dates (of course allowing for reasonable latitude due to circumstances which no one can control, i.e. weather, etc.).

In the private sector, any business seeking investors must provide this information, without which no reasonable person will commit their hard-earned money.

 Let this be the referendum on the ballot in November!


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