IS IT TRUE: Part 2 August 27, 2011


IS IT TRUE: Part 2 August 27, 2011

IS IT TRUE that Mole #7 tells us that VenuWorks has hired a relative of University of Evansville athletic director John Stanley?…that this relative will be relocating back to Evansville from Florida to work for VenuWorks?…that attracting an educated professional to Evansville is a good thing but that VenuWorks hiring a relative of one of their biggest tenants makes one go hmmmmm?…that we wish this person good fortune and success but wish that there were less things happening with nearly everything the City of Evansville touches that make one go hmmmmm?

IS IT TRUE sometime in September the Evansville Redevelopment Commission will have to start coming to grips with the reality of the financial situation with the McCurdy Hotel?…that the contract between the ERC and Centre City Properties is not extended nor has it been rescinded?…that some would describe the state of the agreement, the ERC, and CCP as in “limbo” or parked in purgatory?…that sooner or later push will come to shove and a decision will need to be made?…that the meltdown scenario that could be accelerated by rescinding the agreement will not be pretty?…that we bet this can will be kicked down the road perpetually unless of course Centre City Properties decides to just punt?

IS IT TRUE that the meltdown scenario at the McCurdy is one in which the financing to proceed with all of the refurbishment work is never secured and that CCP decides to hand the keys to the property over to the first mortgage holder 5th 3rd Bank?…that banks in general do not wish to own real estate?…that in such an event that 5th 3rd will most likely liquidate the McCurdy Hotel for whatever the market will bear?…that unless the market would bear an amount that has net proceeds in excess of $1,663,862 that the City of Evansville will lose all of their investment of $1,403,000 and will not have anything at all to show for it?…that this scenario is a driving factor in not wanting to rescind the agreement with CCP as was done with Woodruff Hospitality LLC when they were unable to find financing in a timely manner?

IS IT TRUE that it has now been 1,581 days since the announcement was made on May 14, 2007 that the McCurdy Hotel was to be refurbished into luxury apartments?…that it has now been 1,434 days since the Evansville Redevelopment Commission at the request of Mayor Weinzapfel approved the spending of $603,000 to purchase the parking lot?…that City Centre Properties and Scott Kosene the developers of the McCurdy project are both listed as contributors to the Weinzapfel for Mayor committee for 2010?

IS IT TRUE that in a short 71 days we will all know whether it will be Lloyd Winnecke or Rick Davis who will become the Mayor that will assume responsibility for executing the decisions that are playing out right now?…that that there are 124 days remaining in the Weinzapfel Administration?

IS IT TRUE that there are now 428 days remaining in the two years that the EPA had given the City of Evansville to present an acceptable solution to the Combined Sewer Overflow problem?…..that this plan is an expensive and complex endeavor that needs immediate attention to avoid the embarrassment and expense of another round of fines?


  1. Did mole#7 tell you that the person hired by VenuWorks has already moved to Evansville. Did old #7 tell you that the person worked for the Orlando Magic and worked promoting the new arena there. That the person hired was by far the most qualified person for the job. We wouldn’t want all that to come out, just that they are related to someone and that makes it a story. Sad, really sad.

    • wait-a-min: do tell, who is this person/relative and what did he/she do for The Magic ? And what will that person do for VenuWorks ? I have no problem whatsoever if that person has the chops !

      • Worked in promotions for the Magic and their new arena, working on promoting the arena for VenuWorks. Not my place to put the persons name or who they are related to out. Wait until one of the moles figures it out, they will let you know .

  2. Anyone who has worked for the Orlando Magic never got their position because they were the best qualified. I had a buddy apply to them a few years ago and thought about doing it myself. It’s completely worthless. He had as much experience as you could ask for and they wouldn’t even meet with him for 15 minutes. All their hires are hires like this.

    If you want to see some real “talent” call up ole Lindsay Bridges with the Magic and you’ll the caliber of people the Magic take.

  3. Gary Payton, I believe you are correct on this one. Dwight Howard’s uncle-in-law was a ticket taker for the Magic, there you go !

    BTW, always admired your D. You are headed to the HOF.

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