Wednesday, October 26, 2016

"Scam Alert!"

From Racine Community Media:


"BREAKING NEWS! CITY BONDING FOR $46 MILLION DOLLARS FOR FANTASY ARENA! CAUSING SERIOUS CONCERN OF BANKRUPTCY FOR RESIDENTS AND THE CITY OF RACINE.

"RACINE MAYOR JOHN DICKERT WILL BE ATTEMPTING TO BORROW $46 MILLION DOLLARS VIA MUNICIPAL BONDS, TO FUND A FANTASY ARENA WITH NO PLAN AND NO INPUT FROM COMMUNITY RESIDENTS! IT SPELLS CERTAIN DISASTER FOR THE CITY AND ITS RESIDENTS.

"Borrowing over $46 million dollars would be borrowing more than half of the City Of Racine’s yearly budget! The City Of Racine recently lost over $15 million taxpayer dollars on the failed Machinery Row development and also $800 thousand taxpayer dollars when it forgot who it made a city loan to.

"Mayor Dickert told the Journal Times on Tuesday, 'We couldn’t put the arena funding in this budget for a variety of reasons,' Dickert said. 'Number one, we haven’t presented (the plan) to the council. Number two, we don’t have the package ready yet.


"Dickert said the city will find a way to move the project forward 'whether we have partners or not.' After the speech, he confirmed that that remark alluded to Racine County’s perceived lack of support for the plan.

"'The message we got from the county was that they’re not interested,' he said.

"Added Dickert: 'We’re going to move forward. We’re going to figure out a way to make it happen.'"

Read more: http://racinecommunitymedia.tumblr.com/post/151806037043/breaking-news-city-bonding-for-46-million

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