ROTHENBURGER: Once upon a time there was a plan for a new City Hall
LET ME TELL YOU a story. Fifteen years ago, a committee of City council was formed to identify possible sites for a new City Hall. It was well known that the existing City Hall was becoming inadequate.
The idea was to purchase a property — several possibilities were available at the time — and lease it out commercially, meanwhile establishing a capital reserve budget that would grow for 15 years, making money from interest instead of paying interest on borrowing.
Construction could then begin without having to ask taxpayers for millions of dollars in a referendum.