Friday, June 22, 2012

5 quick questions about the Oakland Army Base project

Question one: if we do not have funds for pensions, police, libraries, parks and adult education, how is it we have a billion dollars for speculative real estate?

Question two: if this is such a good deal, then why does the private sector not provide the investment loans?

Question three: who will the clients for these warehouse center services be? Do we have any contracts lined up in any way?

Question four: is all the money at risk public funds? Has any private company invested in this schema?

Question five: given the city's exposure, why has it.been so hard to monopolize hiring?

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