2013 predictions

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What  do I see happening in Racine for 2013

1) Mayor John Dickert keeps Racine as the #1 City in Unemployment

2) A major employer in Racine tells it’s employees, that by 2015, the Company will be moved out of Racine

3)  Delta Hawk will make little effort to hire more staff. The City makes no effort to “Claw Back” and funds used by Delta Hawk

4) Major issues with Porter’s Mayor Dicker tries to  fix by expanding the TIF. The effort fails

5)  Issues over The 7th St Roundabout mirror The City Hall Bathrooms’s issues This becomes a major scandal

6) RiverWorks begins work on the Mound St overlook. Funding drys up.

7) The City loss of the Union law suit causes 35 employees to be laid off

8) The fight over CAR 25 results in two law suits

9) The Journal Times shuts the doors

10)  The City of Racine finds out the amount of the Settlement to “Bill” found to be over $150,000.

total cost to the City  of Racine will be found to be over $250,000

11) City of Racine buys Azarian for back taxes.

Bonus

A elected City office gets divorced. The case will not be pretty

Let’s see what happens! The above is my guess

 

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4 Responses to 2013 predictions

  1. Elizabeth B. says:

    An Analysis:

    1) Mayor John Dickert keeps Racine as the #1 City in Unemployment.

    John Dickert will achieve that goal and MORE, as the *NEW* and *IMPROVED* tax rates from RUSD, Gateway and the City combine to force businesses to flee Racine. As the new taxes under Obamacare are phased in, it will make most businesses in Racine UNPROFITABLE. Yeah, I know it seems weird, but Business exists to make a profit. NO PROFIT – no Business. John Dickert will not only make Racine #1 in employment in the State, it is likely it’s TRUE unemployment rate will pull far ahead of others in the State and this spectacular failure will bring the National Spotlight to Racine – again!

    2) A major employer in Racine tells it’s employees, that by 2015, the Company will be moved out of Racine

    *WOW* talk about optimistic. ONLY ONE! By 2015 the City of Racine may well be left with NONE! Companies can immediately increase profits by moving outside of the City to the adjacent Villages. Even City of Racine employees choose to live outside of the City, where it is less taxing.

    3) Delta Hawk will make little effort to hire more staff. The City makes no effort to “Claw Back” and funds used by Delta Hawk.

    Doing a google search for Delta Hawk reveals nothing new or exciting. Here is what their site says:

    DeltaHawk is well on its way to type certification of the DH-180A4 engine (180 HP). An FAA Designated Engineering Representative consulting group, The DERs Group, has been engaged to manage and direct the process. Current estimates are to achieve Type Certification (TC) as early as the beginning of 2013. The remaining engine model variants will be quickly certified afterward as amendments to the initial TC.

    http://www.deltahawkengines.com/status00.shtml

    Contrast the above with this report from Feb 8, 2011: Some engine manufacturing will begin this spring, Smiley said. When they get Federal Aviation Administration certification later this year, DeltaHawk will begin manufacturing for much larger markets.

    http://www.journaltimes.com/news/local/deltahawk-ready-to-start-manufacturing-diesel-aviation-engines/article_5f2d9ede-33d1-11e0-9e79-001cc4c002e0.html

    One of the claims made by Delta Hawk is: The current dominant fuel for piston-engine small aircraft, 100 LL (low lead), is the only leaded fuel manufactured in the world. Access to it is extremely limited outside the U.S. and Europe, and it is predicted to be unaffordable and/or totally unavailable globally by as early as 2010. The existing small aircraft fleet will be crippled; in some countries it already is.

    Well, on the eve of 2013, not only is 100 LL still available, but: Fuel providers Ada, Okla.-based General Aviation Modifications, Inc. (GAMI) and West Lafayette, Ind.-based Swift Enterprises provided updates at the AOPA Aviation Summit in October and reported they were making good progress in developing a replacement for 100LL avgas.

    The City of Racine must continue to wait…. will the investment pay off? The risk is there – that all the money and more might be lost. The residents of Racine will have to continue to wait.

  2. Elizabeth B. says:

    4) Major issues with Porter’s Mayor Dicker tries to fix by expanding the TIF. The effort fails.

    The unanswered question is – what is Team Porters bringing to the table – except a collection of old buildings with a market value of -ZERO-? Does Team Porters have any cash for the project? Will any bank loan money to Team Porters for the project? What if the banks say the market value = 0?

    It is very doubtful that the $1.1M grant will be enough to do more than begin the project – and once it’s started – all City Hall has to do is run a public notice, have a hearing, and vote more taxpayer $$$ to Team Porters. Considering that Downtown already has an excess capacity of available retail and residential space it is most likely the taxpayers of The City of Racine will lose again. This TIF has failure written all over it.

    For those that believe otherwise – why do you think no Realtors or other groups are willing to risk money in this project?

    5) Issues over The 7th St Roundabout mirror The City Hall Bathrooms’s issues This becomes a major scandal.

    It’s possible, however the project was planned before Dickert came into office. It will depend upon what contract documents reveal. The project sure came at the right time for many in The City of Racine who depend on this type of work. Only time will tell.

    6) RiverWorks begins work on the Mound St overlook. Funding drys up.

    Riverworks will begin, but the building tsunami of financial problems in the City will put a swift end to it. City of Racine Alderpersons already see that the problems to address in the 2014 budget are nearly insurmountable – RIverworks will merely be the first casualty of many programs/projects that get scrapped.

    Don’t take my word about the seriousness of the upcoming budget problems for 2014- listen to the Alderpersons themselves. Discussion starts at the 53:30 mark.

    http://car25.pegcentral.com/player.php?video=fd0bd7a0fc8e098f65dee29af0bd61ea

  3. Elizabeth B. says:

    7) The City loss of the Union law suit causes 35 employees to be laid off

    Not because the layoffs are necessary – it’s Dickerts way of punishing them for forcing Dickert to abide by his promises and agreements. Revenge will be taken. Hopefully, the employees sue – again!

    8) The fight over CAR 25 results in two law suits.

    If it ain’t broke, don’t fix it. Why did the Mayor choose to make Car 25 one big battle? Another one of the many mysteries of the Dickert regime. This ends bad, and the taxpayers, who are caught in the middle, will pay.

    Oh well, elections have consequences.

    9) The Journal Times shuts the doors

    Well, the JT didn’t win any awards this year:

    Lee Honors St. Louis Post-Dispatch as Enterprise of the Year

    DAVENPORT, Iowa–(BUSINESS WIRE)–Lee Enterprises, Incorporated (NYSE: LEE) has selected the St. Louis Post-Dispatch for its highest company honor, 2012 Enterprise of the Year.

    Mary Junck, Lee chairman and chief executive officer, cited the newspaper’s strong financial results and leadership in companywide initiatives, as well as other achievements that led to 2012 Lee President’s Awards for marketing and news.

    http://www.businesswire.com/portal/site/cnnmoney/index.jsp?ndmViewId=news_view&newsId=20121206006443&newsLang=en&ndmConfigId=1000618&vnsId=33

    JT not even a runner up. They need to sell more advertising!

    What’s more telling is the listing of their markets, at the bottom of the page from the above link:

    Lee’s markets include St. Louis, MO; Lincoln, NE; Madison, WI; Davenport, IA; Billings, MT; Bloomington, IL; and Tucson, AZ.

    Racine, WI isn’t considered much of a market.

    Lee released 4th. Quarter results:

    DAVENPORT, Iowa (November 12, 2012) — Lee Enterprises, Incorporated (NYSE: LEE) reported today a loss of 15 cents per diluted common share for its fourth fiscal quarter ended September 30, 2012, compared with a loss of 20 cents a year ago. Excluding unusual matters, adjusted loss per diluted common share(1) totaled 1 cent, compared with earnings of 20 cents a year ago, primarily due to higher interest cost in 2012.

    Because of period accounting, the 2012 quarter included an additional week of business activity, which added both revenue and cash costs in comparison with 2011. Unusual matters included a litigation settlement in 2012, and non-cash impairment charges and debt financing costs in both years.

    “Lee continues very much on course as we drive strong digital growth, control costs, transform our business and rapidly pay down debt,” said Mary Junck, chairman and chief executive officer. “We enter fiscal 2013 with energy, optimism and confidence in our strategies.”

    http://www.lee.net/financial/finreleases.html

    The paper we love to hate will still be around, at least through 2013.

  4. Elizabeth B. says:

    10) The City of Racine finds out the amount of the Settlement to “Bill” found to be over $150,000. Total cost to the City of Racine will be found to be over $250,000.

    That is a drop in the bucket compared to the damage done by Dickert’s mis-allocation of capital into projects that only increased the debt and the debt service of the City of Racine, without any return via growth of the tax base.

    The writing is on the wall – if you haven’t gotten to the lifeboat by now, and begun to slowly distance yourself from the City of Racine – well, prepare to meet the Bondholders, because you are the Bagholder. I’ve been warning people for years – and that light at the end of the tunnel isn’t the light of day – it’s a freight train coming at full speed and you can’t get off the tracks! You’re NOT a property owner in The City of Racine – you’re the sucker. Hindsight is always 20-20. Good luck brave residents of Racine.

    11) City of Racine buys Azarian for back taxes.

    That’s the dream that will never be. Rootworks will never get that far.

    Bonus

    A elected City office gets divorced. The case will not be pretty

    The case will revolve around disputed XXXXXXXXX.

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