Steve Stallone - Profile and Journalist Details
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Steve Stallone
Verified
Assistant Sports Editor, Standard Speaker
Beats
Sports , Race , Crime , Politics , Courts
Content
By Steve Stallone Verified| 48 Hills Verified Reason and rationality prevailed at the Board of Supes meeting Tuesday, when the seriously flawed proposal to bailout the Treasure Island developers hit the floor. The “alternative financing” plan Mayor London Breed and Sup. Matt Dorsey sponsored would have had the city loaning the developers $115 million at a time when the city has a projected deficit of $245 million, ballooning to $555 million next year.
By Steve Stallone Verified| 48 Hills Verified The supes will consider Tuesday/23 a risky plan to bail out the developers of the Treasure Island housing development. This so-called “Alternative Financing” plan, embodied in the Disposition and Development Agreement amendment, could leave the city on the hook for more than $200 million at a time when the city is already facing a huge deficit. This should be taken seriously.
By Steve Stallone Verified| 48 Hills Verified Reason and rationality prevailed at the Board of Supes meeting Tuesday, when the seriously flawed proposal to bailout the Treasure Island developers hit the floor. The “alternative financing” plan Mayor London Breed and Sup. Matt Dorsey sponsored would have had the city loaning the developers $115 million at a time when the city has a projected deficit of $245 million, ballooning to $555 million next year.
Company Info
Standard Speaker
Breaking local news, national news, sports, politics and world news from The Standard Speaker and standardspeaker.com covering all of Hazleton. Like us on Facebook! https://www.facebook.com/standardspeaker Follow us on Twitter! @standardspeaker
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Founded: 1866