Skip to comments.VIDEO: Here Come The Municipal Bankruptcies
Posted on 04/17/2012 9:43:36 AM PDT by MichCapCon
Allen Park went "all in" on Michigan's film subsidy program. When the deal collapsed, the mid-sized city got stuck with the bill. Adding in skyrocketing public employee legacy costs leaves a recipe for fiscal disaster.
(Excerpt) Read more at michigancapitolconfidential.com ...
And in Jackson they want money to repave a bike path. Its no wonder the cities are struggling.
If anyone wants on the Michigan Cap Con ping list let me know.
Thanks for the post; ping. Very interesting. Allen Park was always considered a very nice upscale community when I lived downriver (Lincoln Park).
The one local radio show I listen to doesn’t think Allen Park will will get an EM. The State only takes over black cities, not white.
It seems the folks there were duped into the project that never got off the ground.
These could be Agenda 21 plans - trying to put the communities in debt.
Executive order dated March 15 about cities
Well Allen Park got duped by a con man promising thousands of jobs in an empty plant and they got stuck with the bill.
With out the State picking up 40% of the bill, these movie studios were just money flushed down the toilet.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.