From The Journal Times http://journaltimes.com/business/local/racine-committee-to-discuss-machinery-row-in-closed-session/article_bfaacc4e-3fe7-5dbc-8bfc-bb987ff9130a.html
“… The Racine Executive Committee will meet in closed session at 7 p.m. today to discuss Machinery Row, the proposed mixed-use, riverfront redevelopment along Water Street. No open session will follow…”
Why what might this be about?
Could it be the fact that the loan from the city of Racine to Rodney Blackwell for this project even after an extension has not been repaid AND I can find nothing about another being granted. Might is be about that? From the records I can find (like none) there is no proof he has paid the City of Racine anything and with no signed agreement between the city and Blackwell approved by the Aldermen will he ever?
Did the City here unlike on the Main Street fiasco file a lean on the properties? Did Blackwell sign a personal responsibly note on this loan or could he simply walk away or in his case drive away?
Might it be what one discovers when searching Tax records on the properties making up Machinery Row will that be discussed?
This reporter thinks that Blackwell can not do this project and will claim to be looking for partners to help him finish something maybe low income housing maybe an Arena perhaps a Casino God knows what.
All bets are off if we ever see dime one back from yet what is looking like another failed project under Mayor Dickert
there was a meeting of the Executive committee last night on Machinery Row with no action taken, two points No action needing to be reported in the meting minuets taken. Any information given was not shared with the reporter from the Journal Times nor any Alderman said anything.
My guess and after living under Mayor John Dickert if all was going well there would have been a press event.
So the question is when will we know how bad things are in Machinery Row how will the City explain this away?
Take this opportunity to check on the project as I would and the J-T should with the property and tax records.
A search on how well Rodney Blackwell is doing with his projects in Iowa might be useful too.