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South Bend Redevelopment Commission <br />Regular Meeting - July 15, 1994 <br />5. OLD BUSINESS (Cont.) <br />specificity. Indeed, how can our actions have <br />"cost the city a great deal of money " when the <br />Hall is one gigantic freebe for the city (except for <br />$600,000 in infrastructure improvements). <br />Congratulations, however, are in order: you got <br />the Hall over the hump, even though Joe had <br />failed in his greatest challenge as a salesman. I <br />salute you. (I meant that sincerely. I really feel <br />that you deserve the credit in getting that over the <br />hump.) <br />Mr. Cierzniak continued: Can you explain what <br />you meant by "the opponents costing the City in <br />delaying the selling of the bonds? <br />Mr. Faccenda responded to Mr. Cierzniak. <br />IL MR. FACCENDA: I'll be happy to answer that. <br />I'm not going to debate you today, but I'll be <br />happy to answer. <br />I gathered from the remarks you made and the <br />letter you sent me that you don't disagree that <br />money costs more in 1994 than it cost in 1993. <br />And, putting that one aside, I suppose any home <br />buyer would be able to testify to that for us. <br />What we do disagree about is what is the cause <br />for the delay in building the Hall of Fame. It was <br />announced to be started in March 1993, but, in <br />fact, didn't get started until March 1994. You've <br />expressed the opinion, publicly and to the <br />Council, that the reason for that delay was the <br />Mayor's inability to interest corporations and <br />individuals in investing in this project. In my <br />opinion, the delay is based on other reasons. <br />The fact that you and I disagree isn't important. <br />It's certainly not important to the citizens of South <br />-5- <br />