Showing posts with label Earl Jones. Show all posts
Showing posts with label Earl Jones. Show all posts

Wednesday, August 3, 2016

Yes Weekly's Jeff Sykes on Skip Alston, Earl Jones and the Civil Rights Mueseum

"...Grant’s Over land Campaign and the Battle of Hampton Roads seem ripe comparisons for the standoff between the International Civil Rights Center and Museum, the City of Greensboro, and those white male critics who cry about “Skip and Earl this” and “Skip and Earl that” every time the ICRCM is mentioned in the press.

Sweeping generalization

That all the critics are racist is absurd on it's face,
and not true in fact

The museum has a long and divisive history in Greensboro. Skip Alston and Earl Jones are no strangers to making enemies, and it seems that this legacy is what an overwhelming majority of vocal white male observers cling to when the ICRCM comes to mind. Even veteran local politician Mike Barber, currently an at-large member of the city council and a rumored potential mayoral candidate in 2017, clings to the notion that “Skip and Earl” might be able to make some money by selling the museum at some point in the future.

Can they Jeff?

Who owns the building?

Who could profit from a sale or rental as something other than a museum?

Then there’s the mantra trotted out by white male haters of the ICRCM that “Skip and Earl” are somehow making money or will make money off of once and future rent payments at the museum.

I don't hate Skip and Earl

I have been told by insiders at the museum that they could profit

I have been told by the City of Greensboro that they could profit

It’s an unfortunate blight on the community as a whole in Greensboro that the divisive reputation of two of the museum’s tireless champions seems to subsume the potential for good inherent in the museum’s existence beneath a thick layer of racial animosity.

There is racial animosity among some, but not all critics

Leaders, and I mean real leaders and not the fake developer-backed politicians that pass for leaders in Greensboro, need to step up to the plate and solve this one once and for all.

Does the Museum’s Landlord stand to earn income from the property under any scenario?

"Possibly, if their museum tour/ticket sales increase."

Thank you,

Public Information Desk

...I’m sorry. Zack is a great guy. I get it. Roy is awesome and so is Union Square and LeBauer Park. And who doesn’t like baseball? But until the festering open racial sore that is the public conversation about the future of the ICRCM is healed, the frilly greatness that is the vision of Action Greensboro and their private foundation financiers will be a Pyrrhic victory that achieves little of substance.

I don't consider it a racial issue

It's an issue of transparency

Why not find the answers before blaming all wh

...The hype around the Tanger Performing Arts Center will be deafening. All this chummy goodness just oozing with selfcongratulatory hype will be as thick as the humidity during the past month.

In the coming months?

But sitting there, right in the middle of the Center City, is the ICRCM. It’s been scrutinized and audited and hung in public by the city council and on the pages of the Greensboro News and Record over and over ad nauseam. It continues to amaze me that white Greensboro can go on and on about the $35 million for this and the $7 million for that and the $25 million for Zack Matheny to redo downtown in his own image but goes absolutely apoplectic at the thought of the ICRCM being assisted by taxpayer dollars.

Agreed

The City of Greensboro agreed to float a $1.5 million forgivable loan to the museum in early 2014 in order that the museum would not default on the complicated federal tax credits that helped finance the construction. This was a wise and prudent move by the council.

During and after an election in which Roy Carroll sponsored a golf tournament
meant to win votes for Robbie Perkins from East Greensboro

Revisionism

...At present, city bean counters calculate that the museum raised about $700,000 against the total loan debt, leaving $800,000 to be repaid. Museum officials counter that more was actually raised, leaving a debt of about $250,000.

You may want to interview Len Lucas
but it won't be allowed

The federal tax credit structure falls away this month as those credits are repaid in full. The museum should be in a much clearer cash flow picture after that.

The cash flow picture should be clear in real time

...I’ve studied the tax credits for two years and barely understand them now.

Which shouldn't be the case 
along with understanding attendance, cash flow, expenses etc...
before accusing all the critics of racism

When they go away, that will be good for everyone involved.

Agreed

Lingering, however, is the city having written off $1.2 million for the Nussbaum Center after the small business incubator was unable to pay back a similar loan.

Moral relativity

My understanding is everything was transparent on the Nussbaum deal,
which I also opposed

Disclaimer; I worked with Nussbaum's CEO at Merrill Lynch

Former Yes Weekly's Eric Ginsburg, Brian Cleary and Jordan Green
operate out of Nussbaum

In my view, the city should forgive the loan to the ICRCM.

As long as Skip and Earl etc... have no potential financial stake

Residents could then move forward into this new, splendid future our private foundation shadow government has planned for us without there to bloody the pristine white concrete at LeBauer Park."

Not going to get the money back anyway

http://yesweekly.com/article-21663-greensboro%25E2%2580%2599s-civil-war.html

Am I a racist Jeff,
or just a radical bean counter and believer in principle over politics?

Monday, August 1, 2016

Margaret Moffett's answer to who owns the Civil Rights Museum property

"City attorney: City Council could use museum building as collateral on loan

The city could use the International Civil Rights Center & Museum building as collateral on money owed to local taxpayers, City Attorney Tom Carruthers said Thursday in a letter to museum officials.

...the city expects either cash or collateral for the remaining amount, he wrote.

...“We will, however, recommend to council that it accept an appropriate deed of trust against the museum building to secure our debt in lieu of our rights under our current agreement,” he continued.

...The City Council is poised to discuss the loan balance during a special meeting Monday. Museum officials said earlier this week that they won’t attend, hoping instead to work out these figures with city staffers.

But in his letter Carruthers urged them to reconsider.

“This meeting was specifically set for council to consider these items and discuss them with you,” he wrote...

How can the cash-strapped museum get the money to make those payments?

Carruthers’ letter points to a new solution, one that would give the city financial leverage but possibly ratchet up tensions between the two parties.
Using the old Woolworth’s building at 134 S. Elm St. as collateral.

The building sits in the very heart of downtown — the corner of South Elm Street and February One Place. Its tax value is about $3.8 million, according to the Guilford County Tax Department.

...such a move would put the city at the front of the line for payments if the nonprofit museum’s board were ever to sell the building.

It was unclear Friday how museum officials might receive the suggestion."

http://www.greensboro.com/news/city-attorney-city-council-could-use-museum-building-as-collateral/article_5d5e9928-329f-57d6-af41-ed704923fc2e.html

Bruce Wiley · The University of North Carolina at Greensboro - UNCG

Margaret, who owns the building? Names of people not corporations. Is the museum being run as a for profit entity? Do Skip and Earl have offices in the building and do they conduct business not related to the ICRM from those offices. Who pays for their cell phones? Are they subject to FOIA requests due to the use of taxpayer provided funds?

Like · Reply · Jul 30, 2016 10:55am
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Margaret Moffett · Reporter at Greensboro News & Record

Bruce those are all very, very good questions. Who owns the building? When the museum entered into this complicated tax-credit system, it had to create 4 or 5 new for-profit entities to set up the system. One of those for-profits is called "Museum Landlord." It technically owns the building. It's directors are Earl Jones, Deena Hayes-Greene and Doug Harris.

What is Museum Landlord on the hook for?

Nothing

Can the owners take rent payments out of what could be a non-profit Museum?

Yes, which Margaret didn't report

Now, at some point in the next few months, when the tax-credit structure expires, the museum will revert back to a nonprofit. I have no idea whether they'll use the old nonprofit structure or create a new one. And that gets me to the answer to all of your other questions: I don't know.

Journalistic negligence

The museum isn't subject to any public records laws. Anything connected to the city (or the county or state) is public record by extension, and I make sure I always get those records. But their own records? No. I can't compel them to make them public. All I can do is explain that transparency is the absolute best answer to every question. I'm just as frustrated as you and other people are by the lack of information. As always, I appreciate your comments and that you continue to ask for answers.

Like · Reply · Jul 30, 2016 3:53pm

Bullshit

Look up the deed Margaret

Ask Len Lucas

Not knowing rigged 2013's Mayoral race

Now you don't want to admit it

From the Comments;

Not that it matters;

Does the Museum’s Landlord stand to earn income from the property under any scenario?

"Possibly, if their museum tour/ticket sales increase."

Thank you,

Public Information Desk
City of Greensboro
300 W. Washington Street
Greensboro, NC 27401
.
.
That means now that the City has forgiven some of the loan, Skip Alston and friends stand to financially benefit.
.
.
"...Some LLCs are responsible for the museum’s debt, others aren’t.

...Sit-In Movement Inc. is one of the five companies that make up the museum. The other four are Civil Rights Museum LLC, ICRCM LLC, Museum Tenant LLC and Museum Landlord LLC.

...Sit-In Movement Inc. does not own the building. According to Guilford County tax records, the building is owned by Museum Landlord LLC. The North Carolina secretary of state’s office lists former Guilford County Commissioner Skip Alston as its manager and agent of this for-profit corporation.

Alston has said the owners of Museum Landlord LLC are Alston, Greensboro attorney and Sit-in Movement LLC board member Doug Harris, retired Vice President of Community Relations for WFMY-TV Shirley Frye, Smith Moore Leatherwood attorney Carole Bruce and former President and current adviser to the Weaver Foundation Skip Moore.

Matheny, however, said that Frye, Bruce and Moore have withdrawn from the LLC, which leaves Alston and Harris.

Alston is also listed as the agent and manager for Museum Tenant LLC and Civil Rights Museum LLC, and the agent for Sit-In Movement LLC and ICRCM LLC.

Of the five LLC’s, only one lists more than one company official. ICRCM LLC lists five managers: Alston, former City Councilmember and state House Rep. Earl Jones, City Councilmember Yvonne Johnson, Robert Brown and Harris. Johnson said she has never been to company meeting.

Sit-in Movement LLC was incorporated in 1993 by Alston and Jones.

...Both Museum Landlord LLC and Museum Tenant LLC are controlled by their managing member, ICRCM LLC.

ICRCM LLC is the managing member and owns 80 percent of Museum Landlord LLC. Another 10 percent of Museum Landlord LLC is owned by Museum Tenant LLC. The remaining 10 percent ownership stake in Museum Landlord LLC is owned by Stonehenge Community Develop LLC, which manages the investments of investors who got new markets tax credits for investing in the museum.

ICRCM LLC is the managing member of Museum Tenant LLC, but only owns 0.01 percent of it. The other 99.99 percent of Museum Tenant LLC is owned by Community Historic Credit Fund LLC, which apparently represents investors who got historic tax credits for investing in the museum.

...Museum Landlord LLC subleases aspects of the museum to Museum Tenant LLC, Civil Rights Museum LLC and Sit-in Movement Inc., which rents the second floor of the building.

The LLCs also owe each other money."

John Hammer