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samsonh last won the day on November 14 2013

samsonh had the most liked content!

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About samsonh

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  1. samsonh

    The Transportation and Mass Transit Megathread

    It takes time for people to overcome that mindset. No one likes paying for anything, but at some point the problem will start dramatically impacting quality of life.
  2. samsonh

    The Transportation and Mass Transit Megathread

    People I am friends with talk about the congestion literally all the time. No we are not LA or Atlanta, but it is getting worse month by month.
  3. samsonh

    Nashville, as MLB Expansion Market

    Here’s a vote for baseball being terribly boring. Please MLS, please no baseball!
  4. samsonh

    Nashville Bits and Pieces

    Muni bonds typically don’t go into default, true. But this project had quite a bit of space built in for excess costs. Your position that taxes would be raised based upon an event that was unlikely to happen is interesting. I’m sure nb will appreciate it. just saw the post above: I would’ve thought nb would’ve already read that based upon his opposition to the May vote.
  5. samsonh

    Nashville Bits and Pieces

    If the defined revenue sources are not there and the city has no willingness to pay the bonds go into default. This is why they pay a higher coupon. Bond investing 101.
  6. samsonh

    Nashville Bits and Pieces

    They can add a credit enhancement of some sort if they wish, but generally revenue bonds are riskier to the buyer and pay a higher coupon, adding the full backing of Metro would reduce that coupon but raise the risk for the issuer(Metro). TN has a max sales tax so no they would not just raise the sales tax.
  7. samsonh

    Nashville Bits and Pieces

    Because Metro made a pledge to backstop those bonds. Pretty simple.
  8. samsonh

    Nashville Bits and Pieces

    Yes, revenue bonds. Not General Obligation bonds. Your understanding is correct, but you are misunderstanding the role of revenue and general obligation bonds in municipal funding.
  9. samsonh

    Nashville Bits and Pieces

    Again, It would not have been 9 billion and they would not have been general obligation bonds. Such an important difference that you do not want to admit
  10. samsonh

    Nashville Bits and Pieces

    I get that you are trying to pile on Aron but the debt of our local government is not the problem. I urge you to look at the last report to Metro Council and point to the issues you think are holding the city back. Health, education, and safety are my larger concerns. Workforce housing is also an important concern. A clickbait article should not be what forms your opinions, facts are what should.
  11. samsonh

    Nashville Bits and Pieces

    The stadium debt has become quite small now, and the convention center debt will really start chipping away in the 2020's. Shut down Metro General Hospital and our annual budget looks completely different. We are far from a budget crisis in this city, but that news doesn't sell papers or bring viewers to local news.
  12. samsonh

    Nashville Bits and Pieces

    He probably assumed that by clicking on the link and typing in Nashville, which takes you directly to personal debt stats for the city, which are not pretty. Our citizens are spending more than they make it seems. I wonder if the debt of the city includes a project like MCC, which is in it's early years and not scheduled to pay down much debt at this point but is as healthy financially as possible. Edit to add that the health stats are the worst part of this. Obesity is clearly an epidemic in this state and we will be paying for it for decades.
  13. samsonh

    The Transportation and Mass Transit Megathread

    Yeah she wants BRT and subsidized bus routes. I’d say she is for a transit plan of some sort. Dale, are you trying to misrepresent her position?
  14. samsonh

    CBD/SoBro/RutledgeHill/Rolling Mill Hill Projects

    Why are you guys trolling cadi? This is absurd.