Wednesday, March 28, 2012

Loudoun Get to Know Metro Before Saying "I Do"


Getting to know your new Metro partner: Part 1

Getting to know your new Metro partner: Part 2

Yes, the Metro is the same relic that Loudouners are told is the key to achieving Loudoun's economic destiny. Wow!

We'll need Metro advocate, Dr. Fuller (pronounced full-of-it), to explain how Tysons Corner became the 12th largest employment center in the United States without Metro. Fuller works as an advisor to the development community. Fuller has appeared on the scene recently trying to insert his unsubstantiated opinions by lobbying through Scott York with contrived info-nuggets from a yet-to-be-released study commissioned by we don't know who. Fuller's spectacular claims contradict the clear and credible forecast (RCLCO Study) that is in the hands of Loudoun officials. The Lesser study shows Metro to Loudoun as a financial disaster for Loudouns taxpayers.



Saturday, March 17, 2012

Businesses offer No $upport For Metro to Loudoun


Lets be perfectly clear, when the Loudoun business community votes with their checkbooks, guess what they are offering to pay to bring Metro to Loudoun


...ABSOLUTELY NOTHING.


Saturday, March 10, 2012

Investment Alert: Metroline A Debacle by Design


“...the thing’s gone south"
You can stop it if you call
your Supervisor NOW.
Congressman Frank Wolf sat on the Elizabeth Dole commission, established in 1984, that recommended the creation of MWAA. Led by prominent area residents committed to Northern Virginia's success, Wolf said, the authority’s triumphs, since its creation in 1987, “have been the reason that many of these companies have come to this region.”

But over the last several years, Wolf said, “the thing’s gone south.” Decisions are made in executive session. There’s no transparency. Its membership is no longer dominated by long time Northern Virginians. At Wolf's request, MWAA is being audited by the Office of Inspector General.

Thursday, March 1, 2012

Loudoun Supervisors Vote to Raise Tax Rate to $1.40

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"I thought Metro was free!"
Sorry if this articles subject line is annoying, but that is what our Supervisors will need to do if they Opt In to Metro because it is not free. I hope that by the time you finish reading this, that annoying feeling is ten times worse.


We have 9 self-proclaimed conservative supervisors currently on the Board. Some understand Metrorail completely, while others are waiting for the final numbers on the most unbelievably expensive scam in the history of Loudoun.


There is no need to wait because the real cost numbers have already been delivered to the last Board of Supervisors on April 15, 2011, in the RCLCO Study that removed any doubt as to how bad  Metrorail is for Loudoun. The study estimates lifecycle costs; that means how much we would pay over time for being Metro's cash cows.


Friday, February 10, 2012

Loudoun Budget Report: Schools To Be Cancelled?


If You Want This...
Expect this...


Bringing Metro into Loudoun County sounds good but do not overlook that you absolutely will give up plenty to pay for it. It is not free, in fact the payments will be huge, and they will never stop, NEVER.

If Loudoun opts in to Rail to Loudoun, each and every year after it is completed, Loudoun County will get a bill from Metro for $100 million or more. Loudoun will also write a $25 million check every year for about 30 years to pay the mortgage on the construction costs for Rail to Loudoun. That is roughly equal to the cost of 4 new schools every year. It is time to do a reality check on this spending because our accounts are already overdrawn.

$175 Million - is the cost per year to service Loudoun's current debt.

$1.4 billion - Loudoun’s current debt plus approved bond issues.

Tim Hemstreet just proposed a $1.27 FY13 Tax Rate. That sounds good. But what happens when the big rail bills start coming in? It’s pretty clear from our supervisors’ recent campaigns that raising taxes is off the table.


Saturday, February 4, 2012

Update...$100 million per year, FOREVER

Update If you are driving in Fairfax or Loudoun and see the signs popping up asking for lower tolls and more state money, this is astroturfing. It is done by big organizations like unions or even possibly MWAA operating through unions, trying to look like grassroots activism. They are promoting a taxpayer funded bailout to pay for the Metro/Dulles Corridor business stimulus. As usual, they think the fix is more gov’t spending to support a project that cannot support itself. Move over Solyndra.

There are some Rail to Dulles cost numbers flying around that are really quite shocking. A recent Purcellville Gazette ad said Loudoun County would pay $100 million per year, FOREVER. Could this possibly be true? Yes it can, it is, and you can see the numbers here.

Does Loudoun County really have that kind of money on hand and ready to spend on this project? Let’s step back and take a look at how little is really known about this rail project.

$100 million per year, forever is an estimate based on the best cost information available, and it is a conservative estimate. No doubt it will be refuted, but if you hear someone question the accuracy, ask for a better estimate of the cost and ask where it came from and please share it with me. Cross my heart and hope to die, there are no real cost summaries out there, because rail's promoters know that if there were, this project would be deader than a proverbial doornail, period.

There is a drama going on of epic proportions, and few people in Loudoun even know about it, or care. Hopefully that will be changing in the weeks ahead. In just a few weeks, Loudoun’s brand new Board of Supervisors will finalize the single largest financial decision in Loudoun’s history; or I should say, they will decide whether or not to let stand a decision that has already been made.