We can see museum’s future a few miles down the road

November 23, 2009
By Billy Dennis

Several yeahs ago, the powers that be in Bloomington decided that there HAD to be a new Coliseum in their fair city. Merle Widmer took a look at clippings from The Pantagraph and sees some parallels between their project and Peoria Riverfront Museum:

I know that the museum pushers are going to say “but we are different than what is happening in Bloomington”. Somewhat true, the arena debt is financed by bonds and the PRM building will be financed by a 20 year sales tax. However, bonds will need to be sold to build the structure. The sales tax will cover principal and interest on the bonds. From that point on, it is my studied opinion, there is little difference. Peoria County so far has had to make up deficits from the General Fund. Peoria City is far deeper in debt than Peoria County and has a less bright future especially if the tax payer supported bonded, General Obligation, ($39+ million) hotel deal goes through and doesn’t perform as PROJECTED.

[snip]

Peoria leadership has yet to acknowledge any mistakes they made. Past leaders like Ex-Mayor Grieves, Riverplex pusher, museum pusher, ball park pusher, Gateway building pusher, One Technology Center, and maybe Cubs Food pusher. Bud’s restaurant attempt in Banner failed as per the JS today.

We would hear of a lot more failures if it weren’t for government subsidies and entitlements with taxpayer dollars. All this government giving must be paid back someday by guess who, the taxpayers, many of them willing to pay. Most are not.

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7 Responses to “ We can see museum’s future a few miles down the road ”

  1. bobbonjour on November 23, 2009 at 3:21 pm

    Bob Bonjour

    Bob writes the city forecasts are legendary for inaccuratacy

    the ruin ruiners won’t till peoria is ruble

    they get in the city council meeting do cocaine and see everything in a dullusion

  2. bobbonjour on November 23, 2009 at 3:22 pm

    won stop till peoria is ruble, like that cruise missile the site talked about near denver

  3. marliacarlia on November 23, 2009 at 3:31 pm

    Marlia Carlia writes I due weed like the council but some big name on stock market still bust or going bus

    SYNOVUS FINL CP
    (NYSE: SNV)

    Real-Time: 1.65 -0.03 (-1.79%) 3:28pm ET
    Last Trade:

    many branches needs a bailout mmm duh is that the recession

    oh well next the fireman, fire them oops is that a pun

  4. Billy Dennis on November 23, 2009 at 3:36 pm

    Please: DO NOT make multiple comments using different usernames in the same post. I can tell. And please try to use reasonably understandable grammar, spelling and sentence structure.

  5. rusty0707 on November 23, 2009 at 9:07 pm

    rusty0707 is part of tellaban society

  6. Elaine Hopkins on November 24, 2009 at 10:09 am

    I saw a college hockey game in the Bloomington arena a couple of Saturdays ago. It was wonderful! Comfortable seats, and we were never cold — quite a change from the typical hockey arena for students at all levels. We also had a great view of the entire rink. Thanks, Bton!

  7. floydreed on November 24, 2009 at 6:16 pm

    floyd writes no more about missle over denver international

    must been talking about his dong to diana then

    diana must be a hottie