This page contains a single entry from the blog posted on May 9, 2012 1:26 PM. The previous post in this blog was Reed nuke reactor license renewed for 20 years. The next post in this blog is Why deny the obvious, child?. Many more can be found on the main index page or by looking through the archives.

E-mail, Feeds, 'n' Stuff

Wednesday, May 9, 2012

Lincoln High sellout will include garage for Paulson, MAC

Apparently, the Multnomah Athletic Club's parking situation is "blighted."

Comments (11)

It goes to show, when trying to figure out why these boondoggles happen in the first place, "follow the money".

What, the MAX station built specifically for them (and two blocks away from the Civic Stadium MAX stop) isn't good enough for those uber-healthy jock types that can run in circles for a couple miles?

It should be against the law in Portland for any "healthy" or "athletic" facility to even have a parking lot. Go by bike!

" . . . the URA is necessary to establish essential partnerships."

That just about says it all.

"...the URA is necessary to pay off my election partnerships." That is becoming the essence of Portland's use of urban renewal.

I like that the DJC writer calls Jeld-Wen whatever PGE Park. Oops.

Also, the DJC used the hideous design drawing from that "student" study. This is Sam Adam's education legacy and it's all on track.

Oh come on. I'm a life-long MAC member and even I'm embarrassed about this one.

If there is anyplace in Portland that fails the "blighted" test, it's the Multnomah Athletic Club.

Their parking structure is poorly lighted, for sure...But that doesn't require an URA tax abatement to fix.

I can't believe that PPS would take out $130 million in bonds to rebuild the rich kids' high school with their current backlog on other buildings.

But then, Portland voters are very very stupid, and all the local taxers know that.

Meanwhile, in downtrodden Detroit:

"The Security and Exchange Commission today charged the former mayor of Detroit Kwame Kilpatrick with secretly exchanging lavish gifts to peddle his influence over the investment process of the city's pension funds.

The SEC also charged Jeffrey W. Beasley, the former city treasurer and investment adviser to the pension funds along with Kilpatrick.

The complaint alleges Kilpatrick and Beasley, who were trustees of the pension funds, solicited and received $125,000 worth of private jet travel and other perks paid for by MayfieldGentry Realty Advisors LLC, an investment adviser whose CEO, Chauncey Mayfield, was recommending to the trustees that the pension funds invest approximately $117 million in a real estate investment trust controlled by the firm."

"'We look at this as a two-way betrayal,' John Sikora Jr., assistant director of the SEC's regional office in Chicago told The Detroit News. 'Former Mayor Kilpatrick and former Treasurer Beasley betrayed the trust of the public workers of Detroit. At the same time, MayfieldGentry and Chauncey Mayfield betrayed the trust of the pension funds.'"

According to the Supreme Court, "blighted" means "does not generate any campaign contributions".

That really is what it means now. If the current property owner isn't handing over the money, then the property can be seized and given to someone who is more "enlightened".

Everyone knows that the quality of the school (or at least what it looks like) determines the quality of the education inside.

Clicky Web Analytics