From The Journal Times.com:
By Michael Burke
"RACINE — The former Porters
of Racine owner will not redevelop the existing buildings into retail
spaces and apartments — but instead will remove the historic buildings
to make a clear development site.
"Micah Waters, who co-owned the
former high-end furniture store at 301 Sixth St. and owns the property,
told The Journal Times on Thursday of his family’s decision not to
proceed with an estimated $6 million redevelopment there.
"The
project was to have converted the 80,000-square-foot historic building
into 37 market-rate apartments and enough ground-floor retail space for
up to seven storefronts.
"Now, Waters said, 'The plan is for the
property to be developed in another way — maybe with another developer.
... We are going to develop this property one way or another.'”
Read more: http://journaltimes.com/news/local/porters-project-stopped----buildings-to-be-removed/article_e25bf0bc-8a0e-11e3-ae0e-0019bb2963f4.html
How is it that every Joe Blow in Racine knew that this project was goiing to be a disaster, but not the high profile people involved?
As I understand it, three million taxpayer dollars have been invested in this project. How much you want to bet that the money goes, "Poof!"
Apropos
ReplyDeleteAND......POOF.....it's GONE
All part of Swindler's List
Apropos
ReplyDeleteAND......POOF.....it's GONE
All part of Swindler's List
Apropos
ReplyDeleteAND......POOF.....it's GONE
All part of Swindler's List
OK, I'm done laugh'in
ReplyDeleteAND......POOF.....it's GONE
ReplyDeleteThen comes the tax breaks....
Looks like the House won!
ReplyDelete*WANTED* Mayor John Dickert - For Looting A City Of Ill Repute!
VIVA! Las Vegas!
*Team Porters* was merely a vehicle for wealth transfer.
MISSION ACCOMPLISHED! Eh, Lying John?
Micah Waters has avoided paying property tax - and shifted his burden of RUSD, County and Gateway taxes to the people of Racine, while potentially making Millions and being paid for failure! MISSION ACCOMPLISHED! VIVA Las Vegas!
ReplyDeleteWhere is the County? When will the investigation start? OH That's right - Rich doesn't prosecute illegal gambling! Even when it's with the people's money!
Where is the money? How much was funneled to the project from the Sewer bonds/money?
Now the people of Racine are STUCK with yet another money losing TID from the one trick pony failure that is Brian O'Connell's RDA that won't go away, and will continue to be a conduit into which tens of millions of more $$$$ can disappear into so that cronies get rich and shift the taxes and costs to the people.
The best use for the lot is to make it a parking lot. That was true from day one of this fiasco.
Creating housing there is “supported by thorough market studies,” said Downtown Racine Corp. Executive Director Devin Sutherland.
Has Devin taken a look around and look at the GHOSTTOWN that is Downtown, Uptown, State St., Douglas Ave., and reaching out to West Racine? Wake up and smell the reality! The failed Downtown, which includes Jim Ladwig's failing Marina, is on taxpayer LIFE SUPPORT!
Tens of millions of $$$ have been lost forever as malinvested capital into the Black Hole that is Downtown Racine and the County Marina! Tens of millions of $$$$ will be required to keep it looking alive and kicking - because they can't generate enough of a return to even pay for themselves! The Dickert Disease is spreading and the Dickert Disaster is looming ever closer!
Good Luck! Brave Residents of Racine!
*WANTED* Mayor John Dickert - For Looting a City of Ill Repute!
Racine has a DICKERT problem.
ReplyDeleteThe only solution is to vote him and his Cousin out of office, FIRE! Every Dickert appointee! and clean house entirely!
"RACINE MAYOR JOHN DICKERT COMES CLEAN ABOUT RECENT TAXPAYER FUNDED TRIP TO MEXICO, WAS REALLY A “LITTLE EXCURSION”"
ReplyDeleteFrom Racine Community Media
Dickert just proves again and again what a CLASSLESS SELF CENTERED JERK he really is!
Any more questions?
Wrong, Dick Head. This deal did not go through, so there was no transfer of anything.
ReplyDeleteIf you want Dickert out so badly, come up with a better candidate than Eric Marcus next time.
Anonymous....are you saying the 2+ million given to team porter was never transferred to them?
ReplyDeleteI sure hope that is the case.
"No financing district money to remove Porters building; no city dollars were spent" - http://journaltimes.com/news/local/no-financing-district-money-to-remove-porters-building-no-city/article_548fcb94-8aa1-11e3-aae7-0019bb2963f4.html
ReplyDeleteCity Attorney Weber has closed meetings that violate Open Meeting Laws.
ReplyDeleteAlderman "Lying Jim" Kaplan claims unknown, unnamed and mysterious Boogeymen may be threatening him and he needs to carry a gun at City Hall.
Dickert claims to be able to issue "Executive Orders" with the force and effect of law.
Lying' John Dickert gets sued by a former employee who he claims to have fired for embezzling - then Lying' John files suit against the City he is Mayor of, and Lying' John's status is NEVER determined by a Court of Law!
The Treasurer of his campaign runs a business out of a building where no property taxes have been paid in years....
LOL!
Lying' John and his corrupt administration have NO CREDIBILITY AT ALL!
Imagine Lying' John in Prison!
PARTY ON! LYING' JOHN and Friends!
Aa usual, another Dickert project ends in failure. Other than enrich his crony friends, name one positive thing this pretender of a mayor has done for Racine?
ReplyDeleteIt's time to clear all the pretenders out of city hall.