Archives

POP QUIZ

POP QUIZ

Welcome to the YES! Weekly Pop Quiz, in which we ask politicians and public servants about their jobs. This week, we address questions to members of the Winston-Salem City Council. The rules are simple: No research, no callbacks.

Questions

1. The city council approved a resolution to finance nearly $1 million to assist Winston-Salem Dash owner Billy Prim in purchasing city-owned land adjacent to the downtown ballpark site at its Sept. 8 meeting. What collateral did Prim put up to help secure the loan?

2. If Prim defaults on the city’s loan, and the bank consortium takes over the lease payments on the baseball stadium and the land, what is the maximum time the banks can extend the city’s lease?

3. Under the terms of the new agreement, the developer will have to provide construction updates to the citizen oversight committee on a regular basis. How often will the developer have to provide that information?

Wanda Merschel, Northwest Ward:

1. Prim’s 45 percent ownership in Brookstown Development Partners [ ]

2. 99 years [ ]

3. Once a week. The city council will get an update once a month. [ -]

Dan Besse, Southwest Ward:

1. 45 percent interest in Brookstown Development Partners [ ]

2. 99 years. There’s also a reciprocal opportunity for the city to take over the lease. [ ]

3. Every two weeks [ ]

Correct Answers

1. Prim’s 45 percent ownership in Brookstown Development Partners

2. 99 years

3. Every two weeks

Mayor Allen Joines: 1. Pledged his ownership interest in Brookstown Development Partners [ ] 2. 99 years [ ] 3. Once per month [X]

Share: