08 September 2005

Bizarre Municipal Math

This VOCM story on Mile One stadium has the treasurer Robert Bishop claiming that stadium management hopes to break-even or make a slight profit this year on the controversy-laden facility.

That figure includes a $1.0 million subsidy from taxpayers of St. John's.

Apparently people at city hall have trouble with math.

In order for the stadium to break-even, they would have to make $1.0 million more than they are planning to make. In other words, when they are done, Robert Bishop will be posting a $1.0 million shortfall.

He shouldn't be counting the city subsidy into his calculations.

That is, he shouldn't be including the subsidy unless his goal is to mislead people.

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