Hey, even a I realize a good country song has to have some tragic elements. Now Roanoke Rapids could be writing their own as they PAY for the new Randy Parton Theatre.
The city is selling $21.5 million in bonds to pay for the theatre. Repayment will come in the form of lease payments and ticket sales.
“If those fall short, the city will rely on property taxes and city sales taxes from the enterprise.” In short, if it fails, the citizens will pay it back as property taxes are co-mingled to pay for city services including the theatre.
Is this really what local government was designed to do?
