“Presently, redevelopment of the property may be a bit of a pipe dream, but that hasn’t stopped the PDC from dreaming.”

PDC is the spoiled child living off an unrestricted trust fund. It sees something that it must have. It doesn’t know why – but it must be had. It has no plans but that is never an issue – planning can come later. Or it can sit there for years.

The trust fund is sustained by the River District (Pearl) Urban Renewal Area. It is essentially self administered. The trust fund board is merely a rubber stamp for the desires of the spoiled child.

Property taxpayers who are funding the $2 mil guarantee and the ultimate purchase price have no say. They were brought on board years ago with the understanding that their was an end date to the borrowing and spending – but there is no end in sight.

Unrestricted spending hidden by false impression that this is somehow PDC’s money, thus they can spend at will. PDC does what the city government cannot do without citizen votes – impose taxes at will.