Those county bond issues

There are five of them, and four of them look pretty good.

Propositions II through V inclusive would pay for courthouse renovation ($10.5 million), improvement of record-retention facilities ($5.75 million), a new facility for the OSU Extension Service ($7.25 million), and flood control ($6 million).

This leaves Proposition I ($55 million), to fund the acquisition of the General Motors assembly plant on Oklahoma City's southeast side, which would then be leased to Tinker Air Force Base. The most obvious beneficiary of this move is General Motors, who could close the books on the facility and, perhaps more important, quit writing annual checks to the county for property tax. Does Tinker need the extra space? And what's with this bit in the ballot language about "including but not limited to the acquisition of the land and building currently owned by General Motors"? Something about this doesn't quite pass the smell test. The $15 a year certainly won't break me, though.

Update: The county batted .600 this time around: I, II and V passed, III and IV failed.

Posted at 7:04 AM to City Scene


TrackBack: 9:06 AM, 13 May 2008
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