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I <br />Wayne Kroegel, 40 88`h Place, past president of the Realtors Association of Indian River <br />County, felt that the bottom line will be that our investment will be returned between 15 to 25 times <br />per year. He believed that the Dodgers have made a more significant economic impact on this <br />community than Piper Aircraft. He polled the members of the Board of Realtors and the members <br />overwhelmingly support this MOU. <br />Bob Swift, 6450 Glendale Road, stated this is a business deal and it is easy to get mired down <br />in details. We have a positive longstanding relationship with the Dodgers who are good corporate <br />citizens. Without blowing their horn, they have been one of the best corporate citizens this <br />community has ever had. He believed they will make a success of this transaction which is a good <br />deal for Indian River County. <br />B. L McClure felt the annual debt service for the bond issue would be $1,145,000 over 20 <br />years. Also an assumption has been made that all the money spent here by tourists is a result of the <br />Dodgers and this is not so. He believed there is no protection if the Dodgers go bankrupt. He found <br />145 hits on the Internet addressing the issue of the economic impact of stadium deals. One was a <br />particularly good study done by the congressional research service arm of the Library of Congress. <br />27 out of 30 deals studied had no discernable economic impact on a community and 3 had a negative <br />impact. Also, regarding the City of Deerfield Beach case, that has not been overturned. The <br />Constitution has changed but there is still a provision that prohibits a state or municipality from <br />becoming involved with tax dollars with private business unless "the project serves a public purpose <br />e <br />and profits to private parties are incidental". <br />Scott Chisholm, 366 SW 33' Avenue, grew up with the Dodgers and has pride in saying he <br />lives in Vero Beach. We are dealing with the heritage of Indian River County and the Dodgers <br />should stay here even if the economic impact is not as great as some may estimate. If we do not go <br />forward, we would be abandoning a team that has helped our County develop on a worldwide basis. <br />BK 114PG326 <br />JULY 279 2000 -4- 0 <br />