The East Market Street Development Corporation was authorized by the City Of Greensboro to "aquire property for the purpose of removing blight, and dispose of property to builders for either new construction or rehabilitation in accordance with plans developed for the neighborhood..." The result of EMSDC's efforts and $Millions of taxpayer dollars spent: A perfectly good multi-million dollar mixed use property destroyed and more blight in its place:
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Prior to 2008, with no idea of what they might do with the property, the East Market Street Development Corporation bought and destroyed a perfectly usable 45 year old, brick, United States Post Office building on East Market street that could have housed dozens of small businesses or have become a much needed business incubator for East Greensboro. Now, in 2013 the property is even more of an eyesore than it was before and EMSDC has no prospects to date. The property included a fully operational, multi-bay automotive and truck garage, oodles of paved parking, multi-story office structure, dozens of recently modernized loading docks and more, all impeccably maintained with Federal Tax Dollars.
Mac Sims thought he could score big, roll the property over fast, turn a huge profit and justify himself a big bonus. But he forgot as close as this property is to Downtown it remains in East Greensboro and the big money isn't ready to invest in East Greensboro. Sims should have known this as that is the very reason for the existence of EMSDC in the first place but when greed takes control reality runs and hides awaiting its revenge.
And Mac Sims came out smelling like a rose... until reality came back looking for revenge.
Mac Sims is fond of saying, "It ain't what you know, it's what you can prove." Folks, the proof is in the picture above, it's time Mac Sims found private sector work.
Previously I pointed out how high ranking employees of EMSDC have criminal records and how EMSDC has been buying properties all over GReensboro and yet the Greensboro City Council does nothing-- why? Could it be that council members are also a part of the scams?
That's right, Hell Day continues.... And those of you in those other "non profits..." It's just a matter of time before someone starts talking to me about what you did as well.
