"Where would $1.4 million of revenue come from every year for the next 30 years?" he asked.
Kim argued that the city could set aside the funds from the video lottery terminal revenue it receives annually from the state. McCabe said that revenue was unstable, and that while the state has suitably estimated the amount of funding the city will receive, it continues to caution municipalities to forecast a lower amount. The decrease in revenue could come from competing casinos in other states or legislation, such as was attempted this year, to limit VLT revenue to cities that meet a poverty test.
"We're going to have 10 percent of our budget dependent on gambling revenue," he said. "That is not wise financial planning."
McCabe added that even with the addition of 500 new VLTs, the racino in Saratoga Springs has not shown a comparable increase in revenue.
McCabe and McTygue proposed building a scaled-down facility directly behind City Hall, with walkways joining that and the existing courtroom facilities. McTygue also suggested the city put out a request for proposals again for lease buyback options at Woodlawn and the site on High Rock Avenue behind City Hall so that they could get a competitive bid.
Kim said he found it astounding that these proposals were being floated for the first time at the Oct. 2 meeting. He said his fellow council members were trying to delay the inevitable " residents are going to have to take a financial hit if they want a new police and courtroom facility.
"Because when we do this," Kim said, "and we will do this " maybe I won't be sitting here " it'll cost you double.""