IS IT TRUE February 11, 2014
IS IT TRUE that it is now only 17 days until the $200,000 loan that the Winnecke Administration dealt from the bottom of the deck and into the hands of Earthcare Energy LLC becomes due in full?…as Earthcare Energy LLC has continued to make the nominal interest only payments of just over $300 per month to keep the note current, it will be quite interesting to see if the City of Evansville will make any attempt to collect this debt and return these taxpayer dollars to the people of Evansville or if we will see a legal battle to determine the efficacy of the poorly crafted contract signed by city officials?
IS IT TRUE it is now only 48 days until the agreement between HCW of Branson, Missouri and the City of Evansville to put a downtown convention hotel and a luxury apartment tower in downtown Evansville expires unless plans are finalized and all financing is secured?…some CCO Moles close to this process are telling us there is trouble in paradise?…this proposed $69 Million project is being paid for by $20 Million from the public coffers as an incentive, by UP TO $14 Million from ONB’s SNEGAL naming rights deal for The Centre, and the balance of roughly $35 Million by HCW in some yet to be disclosed combination of loans and equity down payment?…the appraisal for the combination of the 253 room hotel and the apartments is expected to be in the range of $35 Million so at a loan to value (LTV) of 70% which is about as good as it gets nowadays, HCW will need to cough up a down payment in the range of $10.5 Million unless something exotic comes riding to the rescue?…it will be very interesting indeed to watch this unfold as there is already an issue with the soils that insiders tell us will add about $1 Million to the cost?…the safest thing to predict right now is that the City of Evansville and the Redevelopment Commission will be extending the agreement to infinity and beyond (to quote Buzz Lightyear) to delay another egg on the face moment for FAILURE TO VET?
IS IT TRUE speaking of delays for FAILURE TO VET or even READ, the Obama Administration has kicked the can down the road on the employer mandate for companies with between 50 and 99 employees?…the can has also been kicked down the road for larger companies that will now only have to insure 70% of their workforce as opposed to the 95% under the law that was never read before it was passed?…it would be cynical to think that this latest round of delays by executive order are all about the congressional elections of 2014 and the millions of cancellation notices that would have been hitting American mailboxes just before the election, but so be it?…this delay is either about more abject incompetence on the part of the Obama Administration or about short term POLITICS and those readers are the only feasible explanations?…on the bright side, maybe this will be an opportunity to READ THE DAMN THING AND AMEND IT SO THAT THE PROMISES IN THE DARK FROM THE 2008 CAMPAIGN WILL ACTUALLY BE FULFILLED?…with a divided congress that is not going to happen, so the American people who seem to like having the wool pulled over their eyes need to deliver a united congress in 2014 as improper implementation of the unaffordable law amazingly named the Affordable Care Act has the potential to sink lot of people’s boats for a long long time?
IS IT TRUE the Civic Center Moles tell us there are job openings posted for both the Director if IT and now the City Engineer?…despite raising the salary for a Director of IT to $135,000, no acceptable candidates have applied for the job?…we know that sounds like a lot of money for Evansville but this is a job that requires an outsider and to attract the right talent may just take over $200,000?…it all comes down to whether or not Evansville wants to stay in the bush leagues on infrastructure or step up to the low end of national scales on information technology?
IS IT TRUE when we made it known yesterday that some self made American billionaires had topped the charts with charitable donations, the CCO comments came under a barrage of attacks from people who seem to have such hate and envy for billionaires that they denigrated those who have made billions of dollars in charitable donations?…some even made statements about how this did not hurt the billionaires and they deserved no praise for their generosity?…speaking for myself, this collection of envy and hate reminded this writer of why I left Evansville in 1982 and again in 2011?…such an outpouring of hate for perfectly good people who happen to have made allot of money through entrepreneurship and job creation is more of a turn off than a canoe trip through Bee Slough?…a hungry person in need of a meal or an at risk child whose life can be saved with a mosquito net (Bill Gates’ idea that he paid for by the millions) does not judge the source of the funds that feed, clothe, and protect them from the elements?…our readers should not either?…if you hate someone who directs their wealth to feed a hungry child and provides medicine for the masses, while creating jobs and wealth that benefit this country, you need to take a good long look in the mirror?