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This page contains a single entry from the blog posted on July 14, 2011 8:45 AM. The previous post in this blog was Peek-a-boo. The next post in this blog is The miracle of life. Many more can be found on the main index page or by looking through the archives.

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Thursday, July 14, 2011

Liars' budget on Lake O. Foothills boondoggle: $61 million

Homer Williams and Dike Dame have come up with a "preliminary estimate" of how much it's going to cost taxpayers to let them convert the east end of Lake Oswego into a six-story condo bunker complex: It's $61 million.

"Right now we feel it's a good cost estimate at this stage," said Christe White, vice president of development for Williams, Dame & White. "We've had the numbers peer reviewed by city consultants, but those numbers could change based on the new streetcar refinement numbers and changes of designs in the redevelopment plan."...

The cost estimate also identifies a variety of potential sources for funding the project, including tax increment financing, local improvement district, the Federal Highways Administration and others.

Hold on, let me wipe the coffee off my monitor.

What, no aerial tram? No Neil Goldschmidt? Man, those guys are funny, but the politician puppets that they're manipulating down in L.O. are the real stars of the show -- comedy gold.

Comments (10)

Why? Why would the public pay any money at all to achieve development for a private developer?

What has happened to local government where such things can even be discussed straight faced? Why does this seem normal?

Millionaire: "Oh, we'll need $61 million in public money to make our profit margins over the next few years."

How did this become normal?

"peer reviewed"?

Oh so now the BS is so deep they are using scientific terms?

What a load. That "peer review" was performed by a fellow racketeer referred to as a city consultant.

That's like having an accompice to a crime providing an alibi.

From Lake Oswego, to Vancouver to Clackamas County these reptillian racketeers have taken on new layers of stench and insult. From the politicians to the bureaurats, to the consutlants and developers they are all a bunch of lying, cheating, stealing mobsters.

It's the sea of tax funded bureaucrats all working to advance these scams that really should grind people.

They are everywhere. Every city, county, Metro and TriMet office is chuck full of connivers rigging the system against taxpayers. Cooking up complete fabrications, embellishing every angle, excluding any and all opposing information and staffs of propoganda jack asses delivering to the press what we should think of it.

All the while all of sleazy politicians involved avoid having to face public interrogation. Sure you can go give you 2 or 3 minutes. But you can't ask any questions or get any answers that you are allowed to refute.
It's all rigged down to every level.

The public cannot participate in work sessions. Only observe. They can't demand answers in public board, council or commissioner meetings.

And as is the case in Lake Oswego the Mayor has an egregious conflict of interest that is somehow OK.

Finally the Pols and Planners admit it. When questioned how thePortland/LO trolley mayto be funded they avoid the question. When specifically asked about Local Improvement District funding they say, "not really on the table" even though behind closed doors it is. Now we have 3 admitted LID's being considered: Lake Oswegos, Johns Landing, and tapping/expansion of SoWhat's existing LID district.

In all cases of existing LID's the tentacles extend far, many times 10 to 20 blocks from primary projects. So home/ businesses, far from receiving any benefits pay into funding Homer-type projects. So maybe out of the $61 Million dollars your home/business may be taxed for $20 Million extend out 25 years or more. LID's have a way of never expiring.

It's just conjecture, but it seems as if these politicians sit in a dark room making a list of their big contributor$ and friend$.

Then, taking that li$t, they brain$torm a li$t of project$ they can direct to the firm$/people on their li$t. The more "project dollar$" they're able to direct to their friend$, the more $ the politician$ get in their re-election coffer$ from $aid developer$.

And,$hould one of them be voted out or re$ign, they're pretty much a$$ured a cu$hy job with their friend$.

...follow the dollar$...

There are plenty of real estate sharpies in L.O. who may object to paying a public subsidy to Homer if they aren't in on it.

The players already have made the deposits to their private numbered accounts in the Caribbean banks.

Lee,
You seem to have a good knowledge of history, what is the history of the LID?(Local Improvement District)

When did this appear on the Portland scene and who was responsible?

I do recall that several years ago, Adams was planning to do a halo LID, so not surprised to hear about the tentacles.

Back to public meetings, if one should ask about a LID, and those controlling the meetings don't want it out on the table, they will say they don't know yet. The treatment of the public at meetings has only gotten worse, as it seems the more the public is educated about matters, the more the ones controlling up the ante.

My property built in 1979 or 1980 (depends on which records you look at) is subject to a LID for street lighting - I would guess it's for the subdivision that I live in.

clinamen, you might find this interesting:
http://www.leg.state.or.us/comm/commsrvs/district.pdf

and also this https://www.oregonlaws.org/ors/450.897

From what I can find via Google, the Bancroft Bonding Act (which is the justification for LID authorization) started sometime prior to 1900 and was given an extension by the State legislature shortly after the turn of 1900.

LucsAdvo,
Thank you.

Clinamen, Yes, LIDs have been around for a long time. The more larger surrounding area type LIDs came more into existence with mass transit projects. And all trolley projects have used LIDs.

One of the most notorious LIDs was the one to build a Pioneer Square Ice Skating Pavillion a few years back. A friend of mine owning property over 17 blocks to the north in Old Town was ensnared in the LID to the tune of over $4500 per year extra assessed taxes. The idea failed but they never got their taxes back.

Go by Hockey Puck.




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