Re: Alturas Technology Park

["Priscilla Salant" <psalant@moscow.com>]

Bill wrote:

> . . . The city of Moscow is now buying the 
> bonds from the bank and Moscow taxpayers are holding the proverbial bag.
> How long it will take to pay off the bonds and start collecting property 
> taxes there is anyone's guess.

Can anyone familiar with the financing arrangement provide more
information?  Is the city borrowing to buy the bonds?  At what interest
rate?  How much money is involved?

> Into this situation stepped the lawyers. Despite the designation of
Alturas 
> as a site for high-tech businesses, this was an opportunity to move from 
> downtown to land that was less expensive, due to this tax-supported
scheme . . . 

Can anyone from the EDC tell us how this decision was
reached?  Since downtown law firms were clearly not the intended
beneficiaries, what's the justification ?

I would really appreciate hearing from a city council member about this. 
Or Larry, because I know you're out there.  As usual, I keep thinking there
must be a reasonable explanation. (Sorry, Greg, I'm naive!)

--Priscilla Salant

PS I did overlook one possibility.  Maybe this is a very HIGH TECH law firm.