Remember when the El Paso Times defended Joyce Wilson and the $22 million delay for the ballpark by saying “The bonds are being repaid by hotel-motel tax money, not property taxes. And the city has opportunities in the coming years to refinance the bonds at lower interest rates, possibly reducing the cost.”? According to KFOX, the hotel-motel tax money ISN’T covering the costs after all: “In 2014 we were short and recovering the debt service cost by almost $1 million. $977,000 was the transfer from the general fund as the subsidy to finish up,” Sutter said. Last year’s short fall was ONLY $256,000 and the model this year projects a shortfall of $800,000.
So, there you have it. YOU are paying for the ballpark and Wilson STILL hasn’t answered questions about the delay.