October 16, 2023
Another episode of "Can you believe the arena-entertainment district hype?"
Dear City Council,
If you give me $200,000 in tax dollars, I will (sometime in the next 25 years) build a $1 million home in Norman.
Just imagine, each $1 of public spending would lead to $4 of total direct spending in Norman. That is a 4 to 1 ratio of private to public spending.
When can I sign a contract to get $200,000 of taxpayer $ ?
Neighbors, this is the narrative that Team Norman leader (NEDC pres. Mr. McKinney) is trying to sell to City Council. Don't be fooled. Private spending does not have a $1 for $1 return to the public coffers.
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