News Mar 12, 2009 at 4:00 am

No Such Thing as a Free Lunch

Was Soccer Stadium Vote Decided over Dumplings?

Matt Davis
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Comments

1
"For example, Paulson is projecting an average ticket price of $33.65 in 2011."


Repeating a lie doesn't make it any more true.
Daaaaave on March 12, 2009 at 8:56 AM Report this
2
Follow-up to this story here:

http://blogtown.portlandmercury.com/Blogto…
Matt Davis on March 12, 2009 at 9:10 AM Report this
3
If by follow up, you mean regurgitating yesterday's news as more advanced than today's article which was the same reporting as a 2-day old blog post.

Too busy talking about your love affair with O'Douls to get another cell phone pic of Saltzman's email box, I guess.
Daaaaave on March 12, 2009 at 9:32 AM Report this
4
Wow, looks like lil' Matty was really wrong.

Good ridance.
Hierarchyfive on March 12, 2009 at 4:22 PM Report this
5
A subsidy for sports arenas, tell me how this is for the general good? Our money, not the cities, should go into infrastructure and such. A gamble on a private industry which has as much to do with social service as a bank. If a bank can't stay afloat let them sink, if you don't have enough dough to start a franchise don't ask for mine. This should not even be on the table, and any money syphoned from our pockets to other sports industries should be returned with interest if it has not already. Go Blazers!
on March 13, 2009 at 1:11 PM Report this
6
So what is Paulson's exit strategy when both teams are losing money hand over fist? If he's actually planning on covering cost overruns, he could be bankrupt long before the projected cash-flow turns positive. Do we really think a former Treasury Secretary is going to underwrite his son's losses no matter how large they get (remember this is his money now, not the taxpayer's)? If they are willing to let Lehman Brothers fail, I'm guessing that Peregrine LLC isn't going to merit a blank check.
bruce123456 on March 14, 2009 at 8:42 AM Report this

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