Posted on 06/16/2010 12:35:55 PM PDT by MichCapCon
The director of the Michigan Film Office agreed with the Mackinac Center for Public Policy's report that exposed a suspect studio deal involving $10 million in tax subsidies.
Janet Lockwood, director of the state's film office, stated the Hangar42 deal "looked so promising. But it's not" in an e-mail dated May 20. The Mackinac Center acquired the e-mail in a Freedom of Information Act request.
Hangar42 involves a former Lear Inc. facility that was listed for $9.8 million last fall that an investor claims is now worth $40 million. That increase in value means $10 million to the investor, who is seeking a 25 percent film credit. Meanwhile, many of the contractors have complained they haven't been paid for the work they did.
Gov. Jennifer Granholm touted the project in her annual State of the State address last January, which Lockwood lamented the e-mail:
"I feel completely responsible after encouraging the Gov. to mention this project. They've received not a penny but perception is all. If it will help, I'm happy to claim fault and deflect it from the front office. So disappointing, it looked so promising. But it's not. This time I am agreeing with the Mac Center."
(Excerpt) Read more at michigancapitolconfidential.com ...
down a rat hole.
Moleface needs to go to prison.
Not that I have any problem with her going to prison, the important thing is that she leaves.
Michigan ping!
If you would like to be added or dropped from the Michigan ping list, please freepmail me.
Hangar42 involves a former Lear Inc. facility that was listed for $9.8 million last fall that an investor claims is now worth $40 million. That increase in value means $10 million to the investor, who is seeking a 25 percent film credit. Meanwhile, many of the contractors have complained they haven't been paid for the work they did. Gov. Jennifer Granholm touted the project in her annual State of the State address last January
Film? I thought Michigan was experiencing a renaissance due to repertory theater on every corner! Jeff Daniels convinced me of this with his regular ads about how Michigan would tax existing businesses and give the money to new businesses. Which makes one wonder why any existing business would stay!
Per capita we probably are competitive (at least) with any state vis a vis the number of piercing and tattoo parlors. :’)
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