An information packet handed out to attendees of a Wednesday meeting contained a footnote appearing to question the math of the revenue projections. SanAntonio SATX SanAntonioTX ElonMusk BoringCompany SanAntonioNews Texas
Members of the Alamo Regional Mobility Authority discuss the proposal from Elon Musk's Boring Co. at a recent meeting.
However, a document the authority distributed at afternoon meeting didn't exactly hit that target. Instead, a footnote raised doubts whether the proposed project would hit its promised revenue target. However, a printout of the slideshow handed out to attendees suggests Alamo RMA attorney Brian Cassidy was skeptical of those financial projections.
"10 million x 10% is 1 million," the footnote reads. “1 mil x $12 is $12 mil. Even though this is only one way , there will need to be a lot more trips to reach a NET of $25 mill. Need to confirm with TBC."
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