Friday, Sept. 26, 2014 | 2:02 a.m.
View more of the Sun's opinion section
View more of the Sun's opinion section
Given today’s low-interest environment, the city of Las Vegas should issue revenue bonds to fund the proposed soccer stadium.
A revenue bond is a type of municipal bond that guarantees repayment only from revenues generated by a specified revenue-generating entity, such as a soccer stadium.
Because repayment is only from the project, not from taxes, Las Vegas taxpayers are not on the hook for repayment.
If the private sector won’t buy these revenue bonds, it probably isn’t a worthwhile investment.
Mayor Carolyn Goodman’s recent appearance on “Ralston Reports” was the epitome of the saying “We don’t know what we don’t know.”
Damn the numbers; full speed ahead!
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