D2 posted:Baseman posted:Django posted:D2 posted:Baseman posted:
I don’t know who to trust. Are there independent auditors who can vouch?
the proposed rates are preposterous. Something is wrong here. If the financial structure for the minuscule portion these "investors" put in compared to the state for a business they control with lots of concessions they need to explain themselves.
What is wrong is the revenue stream from the Bridge is not enough to cover costs.Apparently there is not enough traffic.
It was fundamentally flawed to assume toll revenues could or should cover operating costs. This was compounded with the involvement of private equity partners in the mix.
This bridge has both a tactical and strategic component, as such, the model should have included govt subsidy at the inception.
The presumption here is people will suck it up and pay whatever the price. Well, sooner or later you starve the goose.
The proper way was to set a reasonable price the people could afford to pay and then devise a model to cover the costs.
TK said that the financial model proposed was a farce. He also said the project is only viable as a government infrastructure project.
He is correct because Baseman felt the same! So if he agrees with the Base...he is correct!!!