I’m so confused and I hope someone can explain this situation to me.
We are spending about $9 million on a new Young Men’s Christian Association Cook County Community Center. Not only are we planning on how to spend the $9 million to build it, but we are also planning on how to cover the estimated $200,000 debt this building will cause.
The city has agreed to share those losses 50/50 with the county, up to a maximum of $100,000. Because Commissioner Martinson is against the city putting a $100,000 cap on their share of the losses, it sounds as if he expects the losses to be more than $200,000.
So my question is: Why are we spending $9 million to create a $200,000 debt?
Sherrie Lindskog
Grand Marais
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