Key DeMaio CCDC Proposal Wins Council Approval

Carl DeMaioCarl DeMaio 9 Comments

$228 million of debt transferred from General Fund to Redevelopment By a vote of 7 to 1, a proposal by Councilmember Carl DeMaio was approved today to transfer 30 years of debt service on the Convention Center from the General Fund to the Redevelopment Agency.  The action saves taxpayers $228 Million over 30 years. “In these difficult times when we …