|Financial worksheet from www.marinwoodvillage.com published by Bridge Housing.|
When we announced this contest on January 8th. We were received many responses. Apparently the supporters of Bridge Housing were watching too and realized the questionable accounting. Bridge took it off their website. We asked Lisa Grady at the 2/12/13 CSD Meeting to help us understand why she included irrelevant tax funding streams from Hoytt development and Marinwood Market, and the sewage bill that wildly inflate their apparent tax contribution . If Bridge Housing was a publicly traded company and distributed such misleading financial information, they would face severe penalties.
Clearly the Marinwood Village complex will be a huge financial burden to the Dixie School District, forcing millions of dollars in costs for new classrooms, teachers and administrators. It also may require a new fire ladder company, costing millions of dollars in equipment, training and personnel.
See if you can spot the "creative assumptions"
in their spread sheet.
With such misleading information,
which "facts" can we rely on from Bridge Housing?