Sunday, June 5, 2016

Just so everybody is clear on the facts about the financial status of the City's Casino

The video below is City Manager Michael Bornstein from May 21st, 2013 and following are excerpts from what he said that day (beginning at the 6:40 mark). To see this entire blog post for yourself use this link.  —"Everybody's looking for me to say something. I'm not here to tell you what you want to hear. Anybody. You've asked me to come and do this job."

"The [Casino] business model as anticipated based upon the rents and the revenues is not performing. And that's normal with an amenity like this and it is an amenity, it's a great thing to have, but it is not performing to what they [previous City administration] expected when they wrote the business models."

". . . everyone needs to not be delusional when you are asking for services from this city that you don't understand the complete impacts and so you don't default to 'those so and so's don't know what they are doing, they are incompetent and somewhere I know that there is money banging around city hall.' Trust me, I'm not sitting on a lot of cash over here."