Comments on: Questions remain on infrastructure trust http://www.newstips.org/2012/04/questions-remain-on-infrastructure-trust/ Chicago Community Stories Thu, 03 Apr 2014 01:18:42 +0000 hourly 1 https://wordpress.org/?v=4.4.11 By: Valerie F. Leonard http://www.newstips.org/2012/04/questions-remain-on-infrastructure-trust/comment-page-1/#comment-8589 Mon, 16 Apr 2012 16:55:13 +0000 http://www.newstips.org/?p=6062#comment-8589 If previous deals on public assets are any indication, taxpayers will be on the hook for all of the liabilities, but have very little input into how funds will be spent, with very little transparency and accountability. The articles I’ve read tell what the trust is, but provide no details as to how the trust works, how investors will get paid, the costs to the City, how the costs of financing under the trust fund compares with conventional bond financing, etc. I am also concerned that a deal that could impact us for many years to come is being rammed through City Council with very little public discourse beyond a public hearing in the Finance Committee.

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By: Tom Tresser http://www.newstips.org/2012/04/questions-remain-on-infrastructure-trust/comment-page-1/#comment-8585 Sun, 15 Apr 2012 23:02:18 +0000 http://www.newstips.org/?p=6062#comment-8585 Don’t trust the Trust. It’s just like going to the Payday Loan store to take out a loan with sky-high interest. This is just the Investment bankers Freeloading Act. If we want to improve the city we can (1) Fund it through municipal bonds, (2) pay cash (ha, ha, requires cash), or (3) set up a public bank like they have in North Dakota. Let’s make our money work FOR US – not for Wall Street. Say “NO!” to the Trust. Here’s my analysis: http://tinyurl.com/Dont-Trust-Trust.

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