[thefourthtower]

Originally Posted by Bdog

^And that is exactly my point. The private sector will not bear any construction risk in this project. Let's say various private donors are ponying up 70 Million, as has been speculated many times. Some of that is obviously in sponsorship money, and some of it is obviously long term commitment (ie: hotel association over 15 years). The private sector is not on the hook for cost overruns. The private sector is not on the hook for operating losses.

As I've said before, I have no problem with the feds contributing reasonable, and fairly to sports projects accross the country. However, if this is a priority for the feds, call a spade a spade - this is nothing close to what the feds intended when creating the P3 fund, and doesn't fit the P3 definition.

get over it