Walker turns down Menominee tribe's $220M offer, still plans to screw the University system
As posted here by riversedge yesterday, Monominee tribe offered the state $220 million to fund a new basketball arena, proposing the taxpayer dollars should be used for the University system instead. The offer was contingent on Walker approving a new casino in Kenosha, where it would attract gamblers from Illinois.
http://www.democraticunderground.com/108414498
http://www.jsonline.com/news/milwaukee/hard-rock-expected-to-offer-help-in-arena-deal-in-exchange-for-casino-ok-b99442301z1-291380761.html
The Menominee tribe made a similar offer during negotiations with the state in October, according to a copy of the confidential proposal. At that time, the tribe offered to pay the state 2.5% of the casino's net win for 10 years, with that money going into a trust to help pay the cost of the arena.
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The $220 million offer made Tuesday could actually be larger, Besaw and Allen said. The money would be paid out over a 25-year period and could be valued at as much as $300 million.
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Walker has proposed using $220 million in state appropriation bonds toward the new arena. The $220 million in bonds that Walker is proposing to issue would ultimately cost at least $380 million when accounting for interest, according to the nonpartisan Legislative Fiscal Bureau.
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Walker rejected the casino plan on Jan. 23, the day before he visited Iowa in a run-up to his expected presidential run. Conservatives there had urged him to reject the project.
Those who have watched Walker will not be surprised to learn that the beneficiary of all these taxpayer dollars is a slumlord...
http://www.localnewsmilwaukee.com/activist-call-milwaukee-bucks-co-owner-slumlord/
A community organization called Common Ground has accused the co-owner of Milwaukee Bucks of being a slumlord of properties. They say they will fight the plans of state to fund the new arena of the company in Milwaukee.
Governor Scott Walker had proposed that state should contribute $220 million in bond to help for the new arena of Bucks. But the activist are not happy about that. They booed Wes Edens, co-owner of the company and called him a slumlord. This happened near 44th and Wright streets of Milwaukee.
Lloyd Johnson of Common Ground said that the house Eden owns is falling apart, no one is paying property taxes. The property has 23 outstanding code violations. HE said we will make sure that our public money does not go to slumlord who leave such junk in the neighbourhood. The house Johnson was talking about is owned by Wes Edens’ Nationstar Mortgage Co. Activist say that Nationstar owns more properties like this.
Another member of Common Ground, Jennifer O’Hear said that there are broken windows with jagged glass, the sidewalks are unsafe and unshoveled. This kind of behaviour is unacceptable. Common Ground activist say that they want a meeting with Edens to talk about these properties.