Machinery Row! Is dead dead dead or a new set of lies? With update!

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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

Note

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.

How do you lose 800K

From the Racine Journal Times 8/6/16  link http://journaltimes.com/news/local/mayor-aldermen-discuss-k-loan-in-closed-session/article_bb6b4cb7-a371-5659-81b3-0414b556c72a.html

… “RACINE — The City of Racine’s Executive Committee met in closed session Thursday evening, at least in part to discuss an $800,000 loan the city proposed writing off in June.

The Executive Committee includes Mayor John Dickert and five aldermen — Dennis Wiser, Q.A. Shakoor II, Melissa Lemke, Jeff Coe and Terry McCarthy. Dickert said Friday that the meeting was called to keep the aldermen informed on the latest with the loan, made to the now-defunct Main-Lake LLC, between 1993 and 1995 to fund housing at 419-425 Main St.

“It was really just advising the council as to what’s going on,” the mayor said. “A lot of council members have been asking about it so we just wanted to say this is where we’re at.”

State law allows city officials to meet in closed session to discuss strategy with legal counsel. Dickert couldn’t comment on the exact progress made on evaluating the loan. …

when last we read the City of Racine was going to write off the 800K loan made in the 1990’s for the building had been sold twice (if not three times) and if I understand right a lean was never placed on this building and as the story,

… “According to the June release, Elaine Ekes, the city’s consulting attorney, determined that the city would be unable to recoup the loan because the Main-Lake enterprise has dissolved. There was also no collection agreement with Main-Lake’s former parent company, The Alexander Company Inc., a Madison-based real estate developer, or any sort of mortgage taken out on the loan.

The Alexander Company’s president, Joe Alexander, said his company ceased involvement in Main-Lake in late 1997.”

Strong word on the street is that the City of Racine is going to sue to recover the loan.

Who would they sue? The current owner has a clean title, as my guess is the lat owner did, as we will find, all owners did, So then who will the City sue?

How do you not follow what must be SOP anytime  the city makes a loan THAT big?

Or maybe something else might explain what I can only call gross misconduct.

What do you think happened?

Begs the question what is going on with Machinery Row, after all  been three months and no word on what is going on with the loan the City gave on this. Why?

 

 

 

So

Just for fun thought I come by and see what if anything was new here. After all I have not posted anything here since 2015 then since I was not using this anymore I delete the site.

Then ….

I saw that people still came here that was kinda a shock more shocking was to see that comments were being left, not by spam botts trying to post some type of ads but from others who took the time to read what I had to say then take the time to write something.

More amazing is that it was from the hater group, so this poorly written with shit grammar and worse spelling blog is so upsetting the Pro Dickert  types that they are moved to defend him and his policies.

Very interesting and kinda motivating if only to be a burr in the side of our Mayor who I still see as being the number one reason why Racine is even more then ever falling into ruin

How is Team Porters doing anyway?

Mayor John Dicker taking notes from Hoffa?

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Of course let’s lend money that should perhaps be used to fix roads to our pals!

From The Journal Times

http://journaltimes.com/news/local/proposal-to-use-k-for-small-business-loans-called-jump/article_12960afc-807a-55a2-8d46-ed504bba4758.html

From the story “… A proposal being put forward by city officials, including Mayor John Dickert and members of the City Development Department, calls for using $371,454 in federal Community Development Block Grant funds to create a revolving loan fund. The fund could be used to make loans of $25,000 or more to small businesses that employ or hire low-to-moderate income Racine residents.”  “… Loans would be ultimately be approved by the city’s Redevelopment Authority and the City Council, according to city staff, but the vetting of loan applicants would be handled by the Wisconsin Women’s Business Initiative Corp. and/or the Racine County Economic Development Corp….” Oh what pal of Mayor John Dickert serves on Redevelopment Authority?  A man who may sometimes not vote on issues maybe conflicts of interests?  Who is talked of by word on the streets of wanting to start a Brew Pub in Machinery Row?

But back to the story The telling part for me is this “…The money for the loan fund was made available as result of shift of CDBG funds from public infrastructure to economic development and job creation….”

Public Infrastructure  Things like Roads bridges and SIDEWALKS can you say Sidewalk fee to make up for the short fall even perhaps help put more money in what I can only see as a shush Fund for pals.

Big question when does leasing start to take place in Machinery Row  who will work that angle and how will they know (and they will know) our great Mayor.

 

 

FYI

 

Doing Podcasting here is the link to the last show.

 

http://www.blogtalkradio.com/racinecrimesyndicate/2015/05/05/mall-fights-to-fun-and-games-with-water-funds

Damn!

So I have not posted here for sometime in fact started another blog to do more of a range of reporting on a huge range of issues/news both good and bad around this area vs just the City of Racine that would be Belle City Reporter but come to find out that few very few want only good or even mostly good news in a local newspaper.

Readers want to read about what is going on that “They” do not want them to know even read that yes they may have to go to the shitty job they have but others have real trouble even that “Leadership” is as fucked up as the reader thinks it is.

Then things here got real strange…

Election 14!

Well you know the results overall a very good night for folks living in Wisconsin with Walker winning the Governor Office again (3 times in 4 years) the A.G. Race went our way too.

The other races well the GOP did very well. Van won big and will I guess be Mayor John Dickert’s Bitch after all looters got to loot, life goes on.

RUSD gets to fuck the Sheep living in RUSD land will be interesting what the extra $$ really gets used for. Be sure if you can to get your kids out so they can maybe learn something, I myself am amazed that with a failed product anyone could have said yes or belive what RUSD said was true guess we will all come to find out more.

The Big loser last night was my pal Mayor John Dickert, no more help coming from Madison and with the GOP wining both Houses in DC we should see a big cut in the graft I mean grant oppertunies coming to Racine.

As well with Walker reelected and the GOP in charge   in D.C. more chances to have the Feds come to town to look at Rootworks/Machinery Row/Uptown project.

We should see:

Obamacare repealed

A real investigation into  Benghazi/Fast and Furious with charges filed perhaps an Impeachment. 

A stop to the Executive Orders