Roland I forgot to add this comment and questions.

If Sam is still saying the public tram cost is still only the $3.5M of TIF money, then the public's portion is 6%. If Sam uses his costs that he identified in his Oregonian commentary several weeks ago, his total came to $11M, which equals 20% of the tram cost (assuming $55M for tram). Now, you state 9%.

Could you identify the numbers and what accounting method Sam is using today?

Since so many bloggers and other news media sources have specified other tram costs paid for by taxpayers, could you respond to why those items are not considered to be part of the tram cost in your reasoning? Most of us if we bought a $55M car would consider the financing cost as part of the car cost (an example).