The city's bankrupt. The state broke. And we're borrowing/taxing for new hockey arena?????? Proposed hockey arena district on DDA agenda today

These democrat, economic fascists are taxing the poor (property taxes) and guaranteeing less money for schools so their business cronies can get rich!
When are the PEOPLE gonna get it?
Proposed hockey arena district on DDA agenda today | Crain's Detroit Business:
"The state’s Michigan Strategic Fund in July approved the sale of $450 million in 30-year tax-exempt private activity bonds to pay for construction of the arena itself.
Another $200 million would be private-sector investment in ancillary construction, such as residential, office and retail space around the arena.

The state bonds will be repaid by the DDA and county property tax capture, $231 million in school taxes within the DDA district that the Legislature in December 2012 approved for the project’s use, and $11.5 million paid annually by Olympia.

The state reimburses the schools for the diverted money, the DDA has said.

Wayne County last month approved an inter-government agreement with the DDA that allocates 1.5 mills of new county property tax capture in the expanded district to repayment of the arena bonds, said Bryce Kelley, director of the Wayne County Economic Development Growth Engine.