She Left City $20 Million in Debt
Sarah Palin has been accused of leaving the City of Wasilla $20 million in debt   and miring the city in legal trouble .
Headline: As Mayor, ‘Hard-Core Fiscal Conservative’ Sarah Palin Left Wasilla $20 Million In Debt
The biggest project that Sarah Palin undertook as mayor of this small town was an indoor sports complex, where locals played hockey, soccer, and basketball, especially during the long, dark Alaskan winters.
The only catch was that the city began building roads and installing utilities for the project before it had unchallenged title to the land. The misstep led to years of litigation and at least $1.3 million in extra costs for a small municipality with a small budget. What was to be Ms. Palin's legacy has turned into a financial mess that continues to plague Wasilla.
Sarah Palin built the city's first big sports complex, on time, under budget, and the bond will be paid off two years ahead of schedule.
Much like New York now has a new stadium for the Yankees, Sarah Palin pushed through a much needed sports complex to improve the lives of the people of Wasilla.
Nearing the end of its first full year of operation, the Wasilla Multi-Use Sports Complex is boasting 20 to 50 percent increases in off-ice uses offered at the 102,000 square-foot facility.
Wasilla voters agreed in 2002 to a half-percent increase in the city sales tax to pay off a $14.7 million bond to build the multi-use facility. The project "was completed on schedule and under budget," Mayor Dianne Keller said, and the complex opened its doors March 6, 2004.
Sales tax revenue, which can only be used to pay the bond, is coming in faster than expected. Keller said she believes the facility will be paid off at least two years ahead of the 10-year schedule.
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