Thursday, January 15, 2015

Local

There is no free ride on RTA.

I'm beginning to think this sudden explosion of craft beer places downtown is a bubble activity.

Fuyao announces it plans to double its workforce in Moraine.

Huber Heights sells naming rights to music venue for $4 million.
"The city’s $19.3 million music venue will be called the “Stuart & Mimi Rose Music Center at The Heights” after City Council approved Thursday night a $4 million lifetime naming rights deal with the Stuart Rose Family Foundation.
The contract calls for the $4 million to be paid out over two 10-year terms, at $200,000 a year."
The structure of the deal makes me skeptical of the term lifetime.
"“The wisdom this council has shown in continuing to invest in our city and its citizens is impressive,” Councilman Mark Campbell said. “We all know long term the only way to achieve the necessary income, jobs, quality of life and future health of our city will only be accomplished by growing our tax base, and today, we see the fruits of our efforts.”"
He says at the same time he's trying raise taxes. I hope this crook doesn't break his own arm patting himself on the back for stealing people's money.
"“This is one of the greatest initiatives that has occurred in the Dayton area, and it will serve as another attraction that will make our region great,” Rose said in a statement. “The music center is a testament to the greatness of the people who put their minds together to deliver something truly positive.”"
This is a money pit, and I bet he knows it. He's just trying to cash in in the short run. He structured the deal so he can get out early.

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