This page contains a single entry from the blog posted on January 11, 2010 6:57 PM. The previous post in this blog was Never mind. The next post in this blog is Even Willie Brown gets it. Many more can be found on the main index page or by looking through the archives.

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Monday, January 11, 2010

Linchpin countdown

Word on the street is that Portlanders will be deemed worthy to see the proposed contract between the city and Little Lord Paulson for the PGE Park re-renovation this Thursday. Given how screwy the last set of documents on this no-bid deal was, several months ago, it ought to be a humdinger. Junk bonds, rent holidays -- it's bound to have a lot of, shall we say, creative features.

It will be quite a relief to have a draft agreement in circulation, however, because until then, the most recent status update for the deal is as reported by Mayor Creepy, who said last Wednesday, "I feel like we're in the zone." What an unpleasant image, coming from him.

Comments (2)

Frank Rich came out with a column called, "The Other Plot to Wreck America" comparing the threat of terrorism with the threat of investment bankers:
"Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin."
Naturally, our Timbers minority owner, Henry Paulson was mentioned. You can't tell the story of what went wrong with America without a nod to the Paulsons.
At this point, if the deal with city hall doesn't include something shady, we should turn PGE Park into a shrine. Miracles like that don't happen every day.

Meanwhile, in other civic news, there's been a steady stream of earthquake stories that just seems to be getting closer to us.
Shouldn't we be trying to get ready for that and let the Paulsons fend for themselves with the hundreds of millions of dollars they made driving America to the brink?

It's even more creepy when you realize what the "zone" is. Probably not a place unfamilar to Mayor Adams.

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