Thursday, March 5, 2015

Same Crony Capitalism, Different Year, Still Zack Matheny, Nancy Vaughan and Nancy Hoffmann's friends and contributors

Greensboro to consider shovel-ready, PTI infrastructure investments March 17

City Councilman Zack Matheny said the resolutions of support were postponed from the March 3 meeting because of the length of the agenda.

The Greensboro City Council has already approved $1.2 million in loans as part of the shovel-ready site initiative. Developer Pete Goria and Samet Corp. plan to use loans of $600,000 each for projects in Greensboro.

Goria said the city loan that he and some other investors closed on will go toward preparing an expansion pad for a $14 million, 300,000-square-foot speculative building that Windsor Commercial plans to build starting this month as well as some additional sites located at the McConnell Center industrial park in Greensboro.
"While serving as chair of the City’s Economic Development Committee, Matheny advocated and voted for a $600,000 “shovel ready” loan for a project related to Windsor Development Group, whose “member/manager” David Howard’s list of accomplishments includes eight Koury related development projects including Four Seasons Town Center, Sheraton Hotel Tower, Grandover Resort and the Villages at North Elm"

“The city gave $1.08 million four years ago to ready [David Howard’s] park for development. The council’s decision on whether to pay for the projects comes three weeks before the City Council elections.”

In 2013, David Howard contributed campaign cash to Matheny and Perkins.

I believe this represents favoritism for some who are connected to the establishment, at the expense of everyone else who isn’t.

Taxpayer monies provided without public transparency to an influential company whose employees and family members are regular donors to Greensboro City Council campaigns should raise serious concerns as to how our city’s discretionary financial payments are handled.