Friday, October 3, 2008

Will Mesa avoid the credit crunch?

Mesa is saying that they will be able to avoid the credit crunch that is currently impacting the economy. While other cities across the nation are having a problem securing the credit they need to do some of their projects, Mesa has not had that problem - at least so far.

Not only that, but paying off the stadium early allowed them to avoid some massive payments on the stadium which should free up some long term funds. One of the more interesting things about the article is the comment section below. Clearly, there has been a shift among people on their ability to trust the council and their decisions. In fact, some people are just outright saying such.

I am still unsure if this goodwill will help pass the bonds, but it certainly gives them a better chance. I have seen that the fact that the bonds were cut it half is going to be touted, which I think is a good message especially when other people are having to tighten their belts. They are also making the case, with the help of the Republic, that the bonds are really only for their greatest needs.

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