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Wednesday, June 6, 2012

Arts vs. Sports! It's on between DPAC and the Citrus Bowl

Posted on Wed, Jun 6, 2012 at 10:46 AM

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We're not sure what any of this means, but expect big announcements today regarding a renewed focus on funding the $175 million Citrus Bowl renovations that have been way back on the backburner for years. Apparently, according to the rumor mill and this Orlando Sentinel story, Orange County Mayor Teresa Jacobs and Orlando Mayor Buddy Dyer have come up with a magic financial bullet to make this all work, even though both municipalities are still in deep recessions. Blame the bullying drumbeat of the suits at Citrus Sports – and their claims that we stand to lose bowl games if this doesn't happen – or blame more of the same pie in the sky random bond issuances that the city is so fond of, but we're guessing the plan is to issue more bonds based on a secret source that isn't the general fund until they can be paid back by all those Harry Potter tourist development taxes that are certain to trickle in. Magic! Our sources inside the arts world don't sound too happy about this, especially because they aren't even included in DPAC at the moment, and, well, DPAC in its entirety was supposed to come first. We're expecting big announcements on this as the day goes on, with some sure-to-be amazing explanations of how it is we're going to borrow more money when our bond ratings have been repeatedly on the decline. We're building a future that doesn't exist! Yay, us! More to follow....

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