Ms. Bourgeois is tossing out figures she does not understand or she does understands but wants us to misinterpret. The total amount in 2007 dollars that we are receiving from Larco Investments is $1.4 billion. Over 25 years, this amount—and it can easily be checked, Ms. Bourgeois—is equivalent to roughly $4 billion. The lease, which in inflation-adjusted dollars equals roughly $1.15 billion, is worth roughly $3 billion over 25 years.
I do not know how you came up with this $1.2 billion shortfall, Ms. Bourgeois. It is not a shortfall, it is a surplus. What is more, at the end of 25 years, taxpayers will not have to deal with what they have been dealing with for decades and that is worthless real property.