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Old Posted Jun 27, 2012, 11:09 PM
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LoneStarMike LoneStarMike is offline
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Join Date: Aug 2006
Location: Austin -> Tyler, TX
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Quote:
Originally Posted by Spaceman View Post
She stated that the money could be spent elsewhere in the city but she didn't specify.
Do you have a source for this, or did you happen to attend the City Council meeting where she said this? At any rate, if that's the case, she doesn't have a leg to stand on. The earlier AAS article stated that (emphasis added)

Quote:
The airport would pay for construction of the facility, which would be ready in time for November's race, Halbrook said. The money would come from revenue from parking, rental car fees and airport concessions.
Money generated by by parking, rental car fees and airport concessions cannot be used elsewhere in the city. It has to be used on the airport.

I notice in the the latest article (emphasis added) that Bill Aleshire is quoted

Quote:
"That blows up the City Council's claim that they weren't putting any city money into the F1 deal," Aleshire told the American-Statesman in an email. "Now, the City is going to spend over $5 million on immigration processing of rich foreign visitors to the four-day F1 event. How much more of this will Austin taxpayers tolerate?"
I don't really understand his argument here. The taxpayers aren't paying for it. The City may be paying for it up front, but it will be repaid with airport funds, which - again - cannot be used elsewhere in the City.
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