...after the Guilford County Board of Commissioners signed off on the project at their Thursday, Oct. 7, 2010, meeting, the hotel proponents have seemingly been having difficulties in moving forward.
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At what point should some Guilford County's Commissioners
be ashamed of themselves?
.be ashamed of themselves?
...A representative of M.R. Beal & Co. said the firm wouldn't loan the money to the hotel group until it had placed the bonds with investors.
...[Mary Nash Rusher, the bond counsel for Guilford County, wrote] "given the need to secure the additional tax credit-equity financing as well as the placement of the debt for this transaction, the Company is not in a position to be on the agenda for the meeting of the Local Government Commission ("LGC") on December 7, 2010.""
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Did the tax credit financing not go either?
"“This is not a pot of money,” said Rusher, ...You still have a find a lender.”
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Does Skip still get to keep his "fee"?
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So far, the developers have not been able to do that.
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How could some describe a "fee" for a Guilford County Commissioner/Real Estate Broker,
who may receive a real estate brokerage commission
for a transaction that never occurrs?
who may receive a real estate brokerage commission
for a transaction that never occurrs?
.
“The company ...is working diligently to identify a bond purchaser for the transaction.”
“The company ...is working diligently to identify a bond purchaser for the transaction.”
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Was the "fee" paid before or after
Guilford County Commissioners adopted new ethics rules?
Guilford County Commissioners adopted new ethics rules?
2 comments:
Looks like a public fleecing has been averted.
"Looks like a public fleecing has been averted."
I wouldn't worry though. I'm sure there's another one lurking right around the corner for our "benefit".
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