Stimulus plans of ARRP bonds for McHenry County criticized by NY Times.
Under the recovery act, McHenry County has the authority to issue $27 million in low-interest bonds for private projects. Mr. Houser put a plan to the county board to issue $15 million in low-interest bonds to build a ballpark for a minor league baseball team.
A problem with stimulus funding, experts say, is that dubious projects too often jump to the head of the line. Projects with political backing win funding, regardless of merit, while more worthwhile projects languish for decades.