07 May 2010

"Time is of the essence"

Had a productive email session with Steve Williams, head of Huntington City Council's finance committee--while the tax boondoggle continues, they are in fact working on things with the Big Sandy Superstore Arena:
The City has requested proposals for Financial Advisors to assess the Arena
project and make recommendations as to how we should structure the bond issue,
determine the revenue source to pay for the bonds issued, and identify the
appropriate governmental entity to issue the bonds.

The city must pick one of these proposals to put forward to the Finance Committee, and things get rolling from there... important thing to note is that the bonds must be taken care of by September 1.

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