Ben Sorensen

speaker

9,257 appearances 42 recordings 1 series first heard Sep 2023 last heard 15 Sep

Ben Sorensen’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 12 in all, peaking in Sep 2026 with 4.

Appearances

newest first · ▶ plays the moment

Fort Lauderdale City Commission · City Commission Joint Workshop with BAB and Conference Meeting on 2026-06-16 1:00 PM - Jun 16, 2026 · 16 Jun 2026 meeting

AND THEN MORE SPECIFICALLY, THE IDEA OF RECOUPING THE COSTS OF NEW FACILITIES IN THREE YEARS.

SO TYPICALLY WE LOOK AT A 30-YEAR USEFUL LIFE OF A BUILDING AND WE WOULD APPORTION THAT COST OVER THE 30 YEARS.

THE THING I'M TRYING TO AVOID HERE IS THE ISSUE OF

you know, intergenerational equity where we're basically having the taxpayers of today pay for a structure that's going to benefit people for the next 30 years.

I mean, we're passing the cost along, and that's unfair.

It's inherently unfair to do that.

And the idea that we're paying for cash and we're not bonding it is irrelevant from a financing perspective.

So cash is fungible.

Whether we use cash on hand or whether we use debt is irrelevant to the question of how we apportion costs from an equitable perspective, especially when you have existing debt.

So when you look at, for example, how you capitalize the cost of a building under GAAP,

If you pay cash for it, you still have to impute the value of interest if you have any outstanding debt.

So that's gap accounting, right?

So it's the same concept.

You can't ignore the cost of financing just because you happen to have cash on hand if you have any outstanding debt, which we already do.

So same concept applies.

Thank you.

Great.

Thank you, Commissioner Herbst.

If you're here for the 1 p.m.

Showing 1001–1020 of 9,257 · page 51 of 463