Letter: A money pit
A money pit
I can think of 80 million reasons not to build a parking garage under Wagner Park. Eighty million dollars in bonds at 3 percent would cost $2.4 million a year to service. If the average car paid $10 a day, it would take 657 cars a day, 365 days a year just to break even!
At 4 percent it would require 877 cars per day.
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