Jeff Cooper on KMOX now

[CS_Pretzel]

Listen Live!

[Sport Billy]

Listening now

[CS_Pretzel]

He sounds very confident.

[sillinois]

I only caught the second half, do you know if it will be archived? If not, what was the gist of the first half?

[sirfallsalot_2000]

I can't get to a radio, so I would need the gist of the whole thing! Also, I would imagine he would get some sports talk radio in the coming weeks. As long as it's not Kevin Slaten I think it would help.

[Nerazzuri]

anyone with a recap?

[Sport Billy]

I only caught the second half, do you know if it will be archived? If not, what was the gist of the first half?


This is from the Post - but is essentially what Cooper said.
Collinsville would have to sell about $20 million in bonds to get the project started

Collinsville would pay off what likely would be 25-year bonds from sales taxes on everything bought at the complex, a parking tax included in ticket costs, and an entertainment tax also included in the price of a ticket.

Once the bonds are paid off, the city would still collect that tax money, Cooper said.

"The city stands to make $40 million to $50 million above and beyond the bonds in the first 10 years," he said. "What we're prepared to do is put an $80 million to $100 million investment into Collinsville, and we're asking the city to help us out with some of that with taxes that will be paid off from the project.



Basically, the City would pass bonds - capture the sales tax - pay off the bonds with those taxes - The thing pays for itself.

[jeffcoop]

This was an odd headline for me--my first thought was, "No I'm not!"

[Stan Collins]

This was an odd headline for me--my first thought was, "No I'm not!" In other news, the mayor of Collinsville is named Stan.

[sirfallsalot_2000]

So, Cooper is a Liverpool fan eh? As an Arsenal fan, I would have to say that Steven Gerrard would make and excellent DP signing.....:D

[bellysk8er2005]

if he is a liverpool fan the i defently sugest sing you'll never walk alone