When developers come to the county and want to spend 10s of millions of dollars, the "any growth is good growth" board members rise to the occasion and approve their plans. These are private facilities, not public! They can not get all the financing on their own - for good reason. The projects are not sustainable. They will need more taxpayer help in the future.
This is very similar to the residential housing bust - build it and they will come, build it and then walk away without regard for the consequences. The people involved get their compensation - fees, commission, bonuses, ect. - and then it all collapses.
I am against both developments and believe the bonds should have gone to help small and medium size business. This is a very difficult loan environment for local businesses. Sure, some loans to small business will default, but the vast majority will not. Local established businesses will do more for the economy over the long-term than these large dramatic developments.
The financing deadline has been extended until Dec. It may need to be extended again. You can influence this with the Nov election. The two incumbents in district 5 voted for the financing. I will be against it.