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February 12, 2009

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Jim Deering

I think its also important to note that the security provided by the Theater does not cover the taxpayer investment, so even if the Theater closes, there is little chance of we taxpayers seeing most (if any) of our investment return.

The arguments made by President Asperger that the taxpayer will get its money back by the business generated by the theater would require the Theater to produce nearly $100,000,000 (one-hundred million dollars)in additional business over what it generates today. Given that the Theater owners themselves said that they expect attendance to be relatively flat over the coming years, where will that increase come from? The answer is that is won't happen and the taxpayer will be stuck with another dumb investment by fiscally irresponsible politicians.

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