The new Red Wings Arena has been approved to be stolen from the taxpayers and I mean “all” taxpayers of Michigan not just Detroit because first off Detroit doesn’t have any taxpayers to speak of. Remember Governor Snyder has pledged 350 Million of Michigan taxpayers money to “Bailout” Detroit and the DIA.
The construction of the arena itself would be about 60% publicly funded. No Detroit general fund dollars would be spent; the state (taxpayers) is contributing the bulk of the public investment. Through the “failed” MEDC and Governor Rick Snyder who is an advocate for the deal, which will use “bonds” from the Michigan Strategic Fund one of numerous subsidiaries of the quasi government entity the un-elected MEDC.
A quick refresher course on the definition of “Bonds” where the taxpayers are concerned. The seller of these “Bonds”, in this case the state of Michigan (we taxpayers) are the borrowers, the buyers of these bonds are essentially the lenders. Sounds a lot like a Bank doesn’t it?
It just so happens that about the same time this was announced so was another announcement made of a new business that would go into operation within walking distance of this new Arena. The headlines read HopCat to open Detroit Bar in August.
That sounds like great news to the common citizen of Michigan but the only problem is, it’s being subsidized with Michigan citizens tax dollars through, you guessed it the “failed” MEDC that quasi government entity that continues to launder taxpayer money to businesses.
This my fellow taxpaying citizens is one hell of a scheme perpetrated on we taxpayers by those we elect to serve us. This is nothing more than a criminal enterprise scam being run out of Lansing consisting of elected politicians, their business buddies in what I like to refer to as “The Political Friends and Family Program” and “The Business Buddy Fund” that involves a “pay to play” racket that enhances campaign coffers and personal gain of business buddies.
This type of corruption scheme would make Bernie Made-Off proud. It makes Kawme Kilpatrick’s scandal “theft” look like small potatoes or a needle in a haystack in comparison. My question is where is the FBI wouldn’t you think U.S. Attorney Barbara McQuade who busted Kawme and company be all over this? Wouldn’t you think some of that investigative trail would have lead them to some of the same players involved in Lansing?
Remember all those businessmen who “teamed” up as to get Kawme out of town before the shit hit the fan? Why did they want him gone? Did they have something to hide? Were they involved and afraid they might be implicated?
I would love to have been a gnat on a fly’s ass in those private meetings to hear what was really going on with those businessmen! Let’s hope the good guy’s are on the case for we taxpayers sake looks like this scam is getting out of control.