Tag: Parasites (page 3)

Detroit - The Westin Book Cadillac avoided defaulting on a $15 million loan this month after a city pension fund intervened, raising questions about the health of a landmark hotel and symbol of the city's economic redevelopment.

The Detroit Police and Fire pension fund made a partial interest payment March 1 after hotel owner John Ferchill outlined the Book Cadillac's financial condition.

The Cleveland-based developer told pension trustees the project has lost $23 million after deals to sell condominiums atop the hotel fell through.  ~Rest here

Yup.  Just like Ferchill Group boasts on its own website.

"The high cost of renovating The Book-Cadillac Hotel required creative financing involving the city, county and state, along with tax credits and other sources that previous developers couldn't handle. The Ferchill Group brought to the table financing tools that Detroit had never used. With the Ferchill team on board, we are confident that we will finally see this project become a reality."

Walt Watkins
Former Chief Development Officer, City of Detroit

Detroit - Part of an $11 million grant intended to provide business attire to 400 low-income job-seekers instead helped only two people, an audit of the city's Department of Human Services has found.

The audit, conducted by the city's auditor general for the period from July 2009 to September 2011, found the department failed to control the operations and finances of a boutique that was to provide the clothes.

The department did not safeguard grant funds or create an inventory for the clothing, the audit found.

Among the most telling findings, which will be discussed today during a City Council committee meeting, is that a third-party contractor advanced $148,000 to a downtown Detroit clothing store and opened an account, but did not include the city on the account.

Rest here

A young woman who won $1m on a state lottery has sparked outrage after she admitted to still claiming benefits.

Amanda Clayton of Lincoln Park, Michigan still claims $200 a month in food stamps and despite paying cash for a new home and car said, 'I'm still struggling.'

The 24-year-old added that she is entitled to the welfare handout as she has two homes to run.

'I feel that it's okay because I mean, I have no income and I have bills to pay,' she said. 'I have two houses.'

Clayton won the $1 million in October after paying $10 for a series of tickets in the Michigan State Lottery.

She posed proudly with a giant check for the six figure sum and told friends the jackpot would change her life.

Rest here
WDIV Video here

Detroit, Michigan, The "motor city",  jewel of the mid-west, manufacturing magnet, and dominator of automotive excellence for multiple decades passed of cancer during the night.  She was 310 years old.

Born in 1701 as a fur trading post, Detroit's history had been vibrant and always interesting.  In the Mid 1700s, Detroit's affair with the British might have been long term but for General Washington bringing her back home in 1796.  In 1805, she became scarred horribly by a fire, yet still had the tenacity to flourish, and the allure to bring more settlers and become incorporated as a city in 1815.

As Michigan adopted its first constitution in 1835, Detroit was honored with the designation as the capitol. A couple of years later, the state was admitted to the union. In 1847, Detroit lost her capitol seat to her daughter Lansing, but remained and served with honor against aggressions emanating from the Brits in Windsor.

Well, the perpetual lying, drug addicted, lottery millionaire Leroy and his 31-year-old "retired professional gambler" car thief son Jeffery, are back in the news.  That million won't last long and there will be two back on the dole.

Have you ever stayed up at night, couldn't fall asleep, even after watching re-runs of House/Senate Proceedings on C-Span arguing the minutiae details regarding their latest unconstitutional omnibus-{fill-in-cool-sounding-name-to-generate-publicity-in-the-next-24-hour-media-cycle}, and eventually after going through the dial for the gazillionth time just stopped on a channel where they had two (or more) people just having at it?

You really don't know the players involved.

Shark-Boy and Curry-Man against anybody.

OBD v. Awesome Kong.

Sting v. anyone.

Randy Orton v. the latest person he attacked from  behind to gain the win.

You really don't care you wins, you just like to watch two people you really don't care about just wailing on each other.

Well, that's what'll happen in the 12 District in 2010.

More information when we come back from the break.