Sunday, February 15, 2026

STPAC fraud; "Matthew Brown is the author of the attached document in the email", which didn't include the interest on the debt







From Matt's presentation to City Council; The math is exactly the same; $10 million + $1.6 + $500,000 + $1.079 million = $13.179 million from VIP parking, which is what the proposal presented to the public was, and was what Greensboro's City Council voted for;



$10 million + 2.1 + $1.079 million = $13,179,000 million from VIP parking = $13.179

At least Matt Brown, Kathy Manning and Walker Sanders let a misleading proposal made public and voted on by Greensboro's City Council.

If there was no way the STPAC is going to sell 330 VIP parking spots at every event, which is the case, the proposed avenue of finance is a fraud, which it was, and is.

From the Bond issue; There was no mention of the interest expenses in Matt Brown's presentation to council on December 19, 2017;

Control fraud occurred when at least Matt Brown, Kathy Manning and Walker Sanders, trusted officials in positions of responsibility, subverted City of Greensboro's taxpayers by engaging in extensive fraud for personal gain.

The Mayor, City Manager and top department heads of of the City of Greensboro, were uniquely placed to remove the checks and balances on fraud upon the public.

Accounting tactics positioned these executives in a way that allowed co-conspiritors to engage in accountancy fraud to hide obvious shortfalls and defrauded the investors in the bonds and the public at large. 

Matt Brown assumed 150 annual shows selling out 330 VIP parking spaces each and every time.

As the map by City of Greensboro's Adam Fisher notes, there are 488 free on street parking spots within 1,200 feet of the site;

The STPAC is not going to sell 330 VIP parking spots at every event

31 events don't look like they can charge $18 for VIP parking

149 - 31 = 118;


66 annually projected performances are expected to bring in less than 2,000 patrons, which are not going to sell 330 VIP parking spaces for $18 a piece

There are 12 expected student plays or concerts, which will likely have no VIP spaces sold for.

The 11 recitals won't sell 330 VIP spaces

CTG's Wizard of Oz etc... can't/won't be able sell 330 VIP parking,
not counting the VF and the Marriott parking across the street,
and another couple thousand in two more parking decks on the way

So how much is the parking going to cost, 
relative to taking a Uber/Lyft, or parking for free?

The Bellemeade Deck across the street has 1,276 spaces.  

Would most park for $5 right across the street at a couple thousand privately owned spots in lots or a parking deck?

The costs are unsustainable, and 'they' knew it