From Racine Community Media:
"MACHINERY ROW IS OFFICIALLY DEAD! MORE THAN $20 MILLION DOLLARS IN
TAXPAYER LOANS AND GRANTS GO MISSING AS THE PROPOSED DEVELOPMENT FAILS
BEFORE EVER STARTING, ALL AT RACINE TAXPAYERS EXPENSE."
"RACINE- As the failure of Machinery Row will soon be officially
announced, a few select aldermen and city officials are already aware
and discussing the next move in the failed development, while most
elected officials have no idea what’s going on or how much has been
spent to date. It’s being reported that the mayor is discussing
utilizing a federal DNR grant to pay for the back taxes on the buildings
purchased by the City Of Racine for the troubled millionaire developer
Rodney Blackwell. Blackwell has failed to repay on his original loan of
$4.5 million dollars given to him by The City Of Racine, while Racine
taxpayers continue to repay his principal loan payments and interest
payments for the second straight year!
appears the Mayor and city officials will put the residents at continued
risk by approving even more loan extensions and freebies to the
millionaire developer, and It also means the scope of the $65 million
dollar taxpayer funded project will now be changing to a possible indoor
fishery and trout farm.
"Stay tuned for more
updates as soon as elected officials feel the community should be
privileged enough to know where and how their taxpayer dollars are being
Read more: http://racinecommunitymedia.tumblr.com/search/MACHINERY+ROW+IS+OFFICIALLY+DEAD