Saturday, January 26, 2019

Anatomy of a duped taxpayer base; Population and earnings for Durham and DPAC compared to Greensboro and STPAC

There are 2,384,496 people within 50 miles of DPAC;

There are 820,786 people withing 50 miles of Greensboro.

There are 395,815 fewer people within 50 miles of Greensboro to attend STPAC than DPAC.

Average earnings around DPAC are $54,706 compared to $45,278 for STPAC.

If an STPAC patron were to drive down Elm Street at 10pm after a show, it's not going to be what most white folks would consider to be a safe feeling scene, compared to the egress from DPAC.

There is no natural barrier or otherwise keeping out those considered unsightly, many of whom are within walking distance, like DPAC.

The upper crust who just enjoyed an opera who are supposedly going to pay $18 a piece for 330 parking spots 150 times per year, don't want to have to drive through the poorest part of town to get back on the highway, unlike DPAC.

The math to justify the debt includes all 330 parking spaces are going to sell out for local dance recitals and Community Theater shows.

There is almost no way to get in and out anywhere near as quickly as DPAC, which is clean to the point of sterile, and has a fake river running through with tight security and is sectioned off from nearby neighborhoods.

Walker Sanders, Nancy Vaughan, Rick Lusk, Kathy Manning and Matt Brown committed an act of fraud against Greensboro's taxpayers and securities investors via fraudulent financial projections based on unsustainable and blatantly misleading math, and the News and Record never reported it. And then there is the problem with the abiltiy of our region to support the ticket prices

We have been sold a bridge.
Guilford County incomes;

Are City of Greensboro taxpayers and parking deck patrons on the hook for at least $35.1 million not including legal costs, for a parking deck which most of City Council doesn't even know much about, for Kathy Manning, Randall Kaplan, George House and Greg Dillon, who has a contract on the News and Record property?

The News and Record real estate is under contract with Greg Dillon, 
one of Randall Kaplan's partners in the hotel,
so don't count on any quality investigative journalism from what's left
of what used to be our community's paper of record, 
just like the Washington Post shills for Jeff Bezos and Amazon,
as what used to be the Rhino Times is/was Roy Carroll's propaganda outlet

Matt Brown, Kathy Manning, Walker Sanders and the City 
didn't disclose $23,108,494.98 in interest costs for the STPAC
when Greensboro's City Council voted on the debt.

Matt Brown, Kathy Manning and Walker Sanders betrayed our community

Matt Brown sold City Council on math showing 330 VIP parking spots 
selling out at $18 a piece
for 12 Student Plays or Concerts and 11 Dance Recitals and Talent Competitions 
which are not projected to have ticket fees, 
and then everyone voted for it except Sharon Hightower 
after mayor Nancy Vaughan assured the Council and the public it was a good finance plan.

An interesting conversation between former NC District Congressional Candidate A.W. Coker, Wayne Abraham and Hartzman on Matt Brown, Nancy Vaughan and friend's fraud against Greensboro's taxpayers

The City, with the help of Kathy Manning and CFGG's Walker Sanders
 expects to sell more parking spaces than vehicles expected to show up for each show,
with none of them parking anywhere else.

Greensboro City Manager Jim Westmoreland's Climax; "In response to your public records request concerning the City of Greensboro legislation which states the City is obligated to provide "off-street parking (both surface lots and parking decks) to meet the needs of downtown businesses" cited by Jim Westmoreland, attached is a copy of the City of Greensboro Code 16-156, Ord. No. 87-50"

City Council voted to for the project while knowing this information
or should have, and/or willfully ignored data,
violating their fiduciary duties to Greensboro's taxpayers

STPAC VIP Parking Control Fraud Math

The Community Foundation of Greater Greensboro's Walker Sanders 
violated his fiduciary duty to his clients and donors, 
while knowingly participated in a scheme to defraud Greensboro's taxpayers
with full knowledge of the risks involving Foundation assets being used as collateral

As of November 14, 2017, only $20 million of the $40 plus million in private donations
had actually been "raised", 
not counting expected interest payments on the loan CFGG took out to make up the difference;

Walker purposefully misled our community and his clients
at The Community Foundation of Greater Greensboro 
and knowingly conspired against those he bears a fiduciary responsibility,
with their "unrestricted reserves of the Foundation".

Walker Sanders did not act in good faith, and did not exercise the same care 
that an ordinarily prudent person in a like position would exercise under similar circumstances
with his clients at The Community Foundation of Greater Greensboro.

Walker Sanders did not avoid self-dealing, 
misuse of funds and other misconduct.

Walker Sanders did not perform duties with loyalty to the entity’s mission
 and obedience to The Community Foundation of Greater Greensboro's non-profit purposes.

Some of who enabled and/or committed fraud against Greensboro taxpayers and the investors who purchased STPAC bonds; Greensboro, NC's $44.165 million LOBs, Series 2018, and some records requests

Proof of Control Fraud by Kathy Manning, City of Greensboro's Matt Brown, CFGG's Walker Sanders and everyone else who knew and didn't say anything, especially the elected officials who voted for it

Kathy Manning's campaign response to the $30 million plus Greensboro taxpayer handout for a luxury hotel project, questions and commentary