tag:blogger.com,1999:blog-10635442.post8340122424798605010..comments2023-10-21T03:07:18.017-05:00Comments on Enclave: A wing and a prayerS-townMikehttp://www.blogger.com/profile/05948307051485318061noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-10635442.post-80004964771549956462011-10-15T22:12:25.166-05:002011-10-15T22:12:25.166-05:00Mike is right. The general fund is obligated to pa...Mike is right. The general fund is obligated to pay debt service in the event taxes dedicated to the MCC are not sufficient. Specifically, that portion of the general fund known as "permit fees and fines" is pledged to make up any shortfalls in collections from hotel occupancy taxes and the tourist developement zone. That general fund pledge secures payment of both MCC debt and payments to Omni for thir 1/2 priced hotel.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10635442.post-89075531569475349732011-10-14T00:18:44.221-05:002011-10-14T00:18:44.221-05:00Fact check: He did not "obligate the general...Fact check: He did not "obligate the general fund" for the MCC. Non tax revenues only. I was not for the MCC but you need to be precise if you are going to talk about muni-finance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10635442.post-86831325001266686462011-10-13T07:08:06.233-05:002011-10-13T07:08:06.233-05:00That projection looks pretty good to me, at 93.8% ...That projection looks pretty good to me, at 93.8% of planned rooms, assuming the timeframes for measurement are comparable.<br /><br />Contrast that to the projections of the Music City Star.<br /><br />I do love that we now rely on the "natural chain of events" over a couple of years to realize our goals. <br /><br />What major projects in Nashville have gone from inception to completion in a couple of years? Is that how long it took for Metrocenter to be built and then become a ghostland?Anonymousnoreply@blogger.com