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Hockey Prep School in Payson? Or Town funding boondoggle?
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June 17, 2018, 02:33:33 PM
Just found this with little digging> https://www.azcentral.com/story/money/business/2015/08/19/prescott-valley-events-center-files-bankruptcy/31957961/
Article briefly explains the "funding bond structure and who holds the bag now for the Bankruptcy of the facility> Sounds suspiciously similar to the projected Payson facility plan, minus the school private plans. You buyers of this Payson scheme should read and beware.

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June 17, 2018, 03:32:39 PM
Just found this with little digging> https://www.azcentral.com/story/money/business/2015/08/19/prescott-valley-events-center-files-bankruptcy/31957961/
Article briefly explains the "funding bond structure and who holds the bag now for the Bankruptcy of the facility> Sounds suspiciously similar to the projected Payson facility plan, minus the school private plans. You buyers of this Payson scheme should read and beware.

Wow.  The AZ Central Story is worth the read.  The kicker?  Global Entertainment was involved in both Rio Rancho and Prescott.  Something tells me we get to learn more?

Quote
Problems from start

But the facility struggled from the beginning, hurt by the recession and later by litigation from bondholders, whose financing allowed the arena to be built. The bonds were issued by the Industrial Development Authority of Yavapai County and backed by sales taxes collected in a downtown section of Prescott Valley and by the arena’s operating income
.

Don't know if there is a connection to the current efforts, but the funding, revenue hopes, etc all sound the same?

http://www.260chat.com/town-government/take-a-look-at-wenatchee-wa-not-good!/msg4076/#msg4076

Clearly need some more?  Nothing other than the plans, defaults, etc jumps out as a connection between all these plans.  Will be curious to see if there is a connection?

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June 19, 2018, 03:14:02 PM
Here is the end result (for now at least) >
https://www.pvtrib.com/news/2017/oct/06/breaking-judge-signs-pvec-bankruptcy-plan/

It explains what Prescott Valley Town is now on the hook for, and how it plans to pay off it's portion (can you say taxpayers $$$$) to the Bond holders!

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July 31, 2018, 11:08:56 AM
Well, it would appear the proponents of the Rumsey Park Plan, are in full swing now. Bad mouthing the council candidates and citizens who are skeptical and dare question. In the  letters to the editor  Friday July 27, their largest ally, is the Payson Roundup Newspaper. Apparently, the word limit restriction does not apply for them. But such is life. The words are clear. The battle is joined. Read  Town propositions 401 and 402 on your voter information pamphlet. Vote yes on both of them if you truly want any voice and control as to how the Town of Payson uses our public lands and dedicates our money to projects costing over 1 million dollars. The choice is a simple one.

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August 07, 2018, 03:01:18 PM
Mr. Moore of the Payson Varxity School / Rumsey plan fails to show up again at a scheduled public meeting to answer citizen questions? The public meeting was scheduled for Tuesday, August 7, at 5:30PM. One question I have not heard asked of him; how much of his "personal" finances is he individually putting up and contributing towards his own plan? His total projected amount? With his second no show,many are beginning to see a pattern develop. Do you think he and ccp might want to wait to see how the upcoming local council and propositions 401 & 402 turn out......DUH

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August 14, 2018, 12:10:08 PM
We suspect there are a lot of folks sitting on the sideline pending the election? 

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August 15, 2018, 10:51:04 AM
So the major proponents cancelled the public meeting a week prior. Just could not make it? Then we are all told that it would happen in about sixty days. All of a sudden an "invitation only" takes place at the Rim Club last Wednesday. Hosted by the Friends of Payson Parks and Recreation at the exclusive Rim Club. Oh, and it was by invitation only! Payson taxpayers (naysayers) not wanted with their questions. Seems Mr. Moore was available to attend this one along with the CCP gang. Then it is revealed that apparently the property behind Walmart is no longer available for him to build his school for Hockey players. Can't wait to hear where the new build location will be. Maybe at the road to no where off hwy 260. LOL. The game of thrones is alive and well.

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