Wednesday, May 20, 2015

Congratulations David Powell and Jim Melvin; "City approves $2.3M contract for megasite work"

"Money for the work would come from the city’s water and sewer extension fund balance, which is part of Greensboro’s water utility.

Now you know why our water rates are going up.

City leaders hope additional partners —including the Golden Leaf Foundation, which has pledged $50 million toward infrastructure and workforce development to the first site that lands the state an automaker — will pay for the balance of the project.

We just blew $2.3 million on hope.

If the hope part doesn't work out, 
Mayor Nancy Vaughan, Zack Matheny, Mike Barber etc...
will be responsible for losing $2.3 million on a plan
to get water and sewer to a megasite
with another megasite about 10 miles away
which already has water and sewer,
and is already certified.

The sewer portion is estimated to cost $5.3 million and the water portion is estimated to cost $15 million.

Who owns the properties that will be purchased, 
and who owns the properties that will be developed
on Greensboro taxpayer's dime outside the city's limits?

With that timeline, bidding for the construction of the project could begin June 1, 2016. Construction could begin Sept. 1, 2016."

http://www.bizjournals.com/triad/blog/morning-edition/2015/05/city-approves-2-3m-contract-for-megasite-work.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_triad+%28Triad+Business+Journal%29
.
.
This project may be the biggest developer give away
in Greensboro's history.

Still no reporting of Triad First Capital.

No word on David Powell.

No word on who the "private monies" are.

Total news blackout by the News & Record.