San Bernardino bankrupt: Blame pet projects, not labor, union says

[jtuck004]

4. The company (Regal) brought in abt 4 million to start, the city got a 34 year lease, and for

a 7 million investment they expected to get at least 10 million in direct, and a lot of indirect, revenue - on which taxes are paid as part of the income for the city.

It's not a bad strategy, along with stores and shops, for revitalizing a downtown that you need more business in, and it's a lot easier than trying to attract or grow companies that create wealth via making something. But over time, people have to have spendable cash to make such a thing work. That is in short supply these days, and without the companies that build something it may not be sustainable.