Wouldn’t it be great if you wouldn’t have to consider your mortgage payment on your house as debt? Or affecting your monthly income by making that payment?
That is the philosophy of Mayor Huether when it comes to the Events Center. During the budget address he said the place was running in black ($4.5 million net operating profit), and went on to say the same about the Indoor Pool which operating almost even revenue/expenses.
He of course leaves out the mortgage payments on both facilities which are close to $10 million a year.
Nice try though Mike.