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Sunday, March 14, 2010

Ride It Out?

Who will answer the questions surrounding the suspicious circumstances of the Greenvale 9? First; the ill-fated decision was made, at a time when the housing market was already tanking, to borrow $1.8 million and purchase 9 structurally sound brick duplexes for $1.6 million. Next; the remaining $200,000 was used to demolish the homes, instantly reducing them to vacant land. Now; the taxpayers continue to pay debt service with no possibility of ever recouping that money. Public money spent on this venture is at $2 million and climbing.

In the video below are some notable items:

  • Jane Goodman, Ward 4 Councilperson is the only city official who was willing to admit responsibility and financial defeat.
  • Ed Gallagher, S.E. Director of Public Service/Economic Development responds when questioned on financial fallout of the Greenvale 9 purchase, “I can’t answer that question.” His 2010 salary is estimated in excess of $80,000.
  • Joe Filippo, S.E. Finance Director slated to earn $92,106 in 2010 doesn’t offer much to the conversation during public financing discussions.
  • Community Services Director, Keith Benjamin is the only city official who steps up with a thinly veiled attempt to paint the picture as rosy.

  • time: 4 min. 08 sec.



PLEASE DON'T MISS THESE RELATED VIDEOS AND PHOTOGRAPHS REGARDING THE GREENVALE 9: 




Please click on image below to view full size.


4 comments:

Anonymous said...

Frankly, I don't see any problem with the city tearing down abandoned properties. However, I DO have a problem with city officials like Ms. Gray, who apparently have no clue about market realities.

Wow. Just...wow.

Anonymous said...

Does Ruth have any clue what she is talking about? At least Jane recognizes that these properties are a lost cause and it would be better to cut the city's losses.

Turn it into green space and be done with it. You're never going to turn a profit on these!

SOUTH EUCLID OVERSIGHT said...

Thanks for reading and most importantly—thanks for paying attention. Don’t forget, these houses were NOT abandoned. SEO is in possession of the exterior and interior city inspection reports for 4 years prior to the demolition of the 9 houses. They were NOT in disrepair. That calls into question the purpose and intent stated on the original legislation…something about “to provide housing.” Why tear down perfectly good brick duplex homes which already blend into the neighborhood? City official’s battle cry of heinous people living in the rented homes doesn’t justify spending $2 million to buy the homes and then knock them down claiming that it’s being done to… provide housing.

Anonymous said...

WOW!
I FEEL LIKE THAT COMMERCIAL,WOW,THATS A LOW PRICE....
GREAT VIDEO.GO JANE GO!
I ADMIT,I AM GAINING MORE AND MORE RESPECT FOR JANE GOODMAN.AND WHEN YOU WATCH THE BODY LANGUAGE AND FACIAL EXPRESSIONS OF THE SURROUNDING COUNCILMEMBERS YOU REALLY GET A SENSE THAT SHE REALLY IS THE ONLY PERSON IN THE ROOM WHO HAS A CLUE.THE ONLY HONEST PERSON THAT ASKS A VERY SIMPLE QUESTION,AND YOU WATCH HER FELLOW COUNCILMEMBERS CRINGE,DRAWBACK,TRY TO BABBLE SOME INCOHERENT RESONING;LIKE KEITH BENJAMIN DOES;OR RUTH GREY,TO SIDETRACK JANES QUESTION...........
OH LORDY,I WAS CRACKING UP.
WAY TO FUNNY! WATCH THE REACTIONS,,,LISTEN TO JANE ASK,REPEAT,ASK AGAIN,AND SEE THE BLANK,STUTTERING,QUEASY,UNEASINESS OF HER FELLOW REPS. LOOKS LIKE THEY ALL GOT A SUDDEN CASE OF FLAMING HEMMOROIDAL,BUTT PUCKERIN',SPHINCTER TIGHTENING,
CASE OF "DONTGOTHERES" DIARRHEA....
AGAIN,ANOTHER UNFORGETTABLE CASE
OF WHY DO WE ALLOW THESE BAFOONS TO HOLD OFFICE?
WE LIVE WITH THE FACT THAT WE COULD LOSE OUR JOBS,OUR LIFES AMBITIONS AND ACCOMPLISHMENTS ANYTIME.AT OUR EMPLOYERS WHIMS.
SHOULD OUR POLITICIANS NOT HAVE THE SAME FEARS,MORESO IN FACT?
WAKE UP FOLKS!
THESE CLOWNS ARE TAXING US TO DEATH,AND SPENDING OUR MONEY!
WATCH THE VIDEO.
THESE ARE NOT SMART PEOPLE.....
JUST WATCH.....
AND LAUGH,,,,,
THEN CRY,,,,,,,,
THEY TAKE THEMSELVES SERIOUSLY,,,,,
ALL AT OUR EXPENSE.

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