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May 20, 2010
Check Out Shorebank Comments
An earlier post here poking fun at Shorebank Enterprise Cascadia as resulted in some very interesting comments. Check it out and feel free to join in....
I can only judge Shorebank and the vision of the likes of Paul Benoit and all others involved, by their performance here and that relates to the award winning reclaimation of the "Brownfield" once called "Astoria Plywood Mill", now called "Mill Pond Village".
The end result has definitely become an asset to our community and if you are aware of what those propterties sell for, agree or disagree, a huge Property Tax Generator for Astoria.
That project provided a lot of work for many people as well, with more to come as the economy improves.
So, trying to decipher Hyland's Novel/Diatribe which by the way, the average reader will skip right on by, I would say Shorebank did a commendable job.
Yes. Shorebank had a local track record. The question here is: are we still dealing with the same people who are going to do the same kind of projects? If so then it's a good thing.
ShoreBank Enterprise Cascadia has a local track record.
Minor name changes on web sites does not separate partners.
The Shorebank venture is being investigated and by doing a simple google search you may find more information than one would imagine. The financial trail of funds and individuals involved sounds like good old boy system is alive and well. Money laundering using green projects is spoken of frequently. Politics at it's best.
Corporations involved with Shorebank: These donated funds so Shorebank can receive TARP funds. Tarp bailout funds to get more TARP funds.
Bank of America Goldman Sachs Citigroup General Electric (Owners of the Obama news organization) J.P. Morgan Chase Morgan Stanley Wells-Fargo PNC Finanacial
Individuals:
Mary Cahillane Lloyd Blankfein Clinton Hilary Clinton Obama Valerie Jarrett Tim Geitner Van Jones Al Gore
Obama has deep ties with Shorebank going back into the 90's.
Locals involvement with Shorebank may seem a great idea but too many trust me answers are thrown out.
I'm sorry, but something smells rotten in Chicago and elsewhere. Are they connected to the local Heritage designation?
Anonymous said... McGee has a conflict of interest when promoting mill pond.
I'm average, I read the whole thing.
Not sure where I stand on the issue, but found Art's comments very interesting and insightful...
A "Conflict of Interest" for playing a part in reclaiming a piece of land in the midst of the city I call home(Astoria)which, in essence, was a toxic wasteland and given the opportunity, in part, by Shorebank in whatever iteration it was that made it and many jobs happen, to do so?
Then I proudly proclaim it and look forward to future work there and a personal thanks, again, to Shorebank for helping make that happen and resurrecting that property to new life and benefit to this community.
How many of the good old boys have made thousands from Mill Pond? Any names-anyone.
This smells about as bad as the Safeway relocation when the agreement was made several years prior to the announcement. They allowed the city to proceed on a search (Warren field-Mill Pond-Fair Grounds) but is was already a done deal to purchase land in upper town from Haukee-Perkins-Brew and a hold out attorney who finally caved. Things never change, do they?
Mill Pond is indeed a good looking development that transformed an unused, rotting site into something quite nice. But I strongly object to the government subsidization of it, and having to permanently continue to do so in the form of low income housing subsidies that are a major part of that project. I object to taxpayer subsidized tax credits for developing it, and to the taxpayer subsidized money funneled through tax-free, not-for-profit Shorebank to finance part of it. It could all have been done with private funding, but many of this city's developers have seized on the subsidized programs offered by a government pushing low income or other social programs by offering our tax money, grants, tax credits or other subsidies to developers who grab the "free" money despite the conditions that come with the subsidies. This entire process crowds out private capital and competes unfairly precisely because of the tax subsidy advantage. Tax subsidies, simply put, are gifts to a chosen few from all of us who have no choice but to pay.
So McGee can chirp all he wants about the wonderful Shorebank model, living as he apperently does in a development made possible only by taking money by force from taxpayers who have to live with less because of people like McGee who have become socialist converts without even realizing they have become assimilated. And please, putting people to work with government money is not putting people to work. It's taking from Peter to pay Paul, a tactic that has gotten Europe, and frankly the United States in a financial mess I'm not sure we can actually extricate from without a major war. I can think of many, many projects far worse than a good looking Mill Pond as examples of the distortion of the mostly free enterprise system that truly built this country, but it does not diminish the fact that the veneer of success that Mill Pond represents belies its socialistic financial origins. It's a financial model that only makes sense if you like government deficits and debt as far as the eye can see.
I can only judge Shorebank and the vision of the likes of Paul Benoit and all others involved, by their performance here and that relates to the award winning reclaimation of the "Brownfield" once called "Astoria Plywood Mill", now called "Mill Pond Village".
ReplyDeleteThe end result has definitely become an asset to our community and if you are aware of what those propterties sell for, agree or disagree, a huge Property Tax Generator for Astoria.
That project provided a lot of work for many people as well, with more to come as the economy improves.
So, trying to decipher Hyland's Novel/Diatribe which by the way, the average reader will skip right on by, I would say Shorebank did a commendable job.
Yes. Shorebank had a local track record. The question here is: are we still dealing with the same people who are going to do the same kind of projects? If so then it's a good thing.
ReplyDeleteMcGee has a conflict of interest when promoting mill pond.
ReplyDeleteI'm average, I read the whole thing.
Not sure where I stand on the issue, but found Art's comments very interesting and insightful...
ShoreBank Enterprise Cascadia has a local track record.
ReplyDeleteMinor name changes on web sites does not separate partners.
The Shorebank venture is being investigated and by doing a simple google search you may find more information than one would imagine. The financial trail of funds and individuals involved sounds like good old boy system is alive and well. Money laundering using green projects is spoken of frequently. Politics at it's best.
Check out: http://www.shorebankcorp.com/bins/site/templates/splash.asp
Corporations involved with Shorebank: These donated funds so Shorebank can receive TARP funds. Tarp bailout funds to get more TARP funds.
Bank of America
Goldman Sachs
Citigroup
General Electric (Owners of the Obama news organization)
J.P. Morgan
Chase
Morgan Stanley
Wells-Fargo
PNC Finanacial
Individuals:
Mary Cahillane
Lloyd Blankfein Clinton
Hilary Clinton
Obama
Valerie Jarrett
Tim Geitner
Van Jones
Al Gore
Obama has deep ties with Shorebank going back into the 90's.
Locals involvement with Shorebank may seem a great idea but too many trust me answers are thrown out.
I'm sorry, but something smells rotten in Chicago and elsewhere. Are they connected to the local Heritage designation?
Anonymous said...
ReplyDeleteMcGee has a conflict of interest when promoting mill pond.
I'm average, I read the whole thing.
Not sure where I stand on the issue, but found Art's comments very interesting and insightful...
A "Conflict of Interest" for playing a part in reclaiming a piece of land in the midst of the city I call home(Astoria)which, in essence, was a toxic wasteland and given the opportunity, in part, by Shorebank in whatever iteration it was that made it and many jobs happen, to do so?
Then I proudly proclaim it and look forward to future work there and a personal thanks, again, to Shorebank for helping make that happen and resurrecting that property to new life and benefit to this community.
What was really covered up in Milll Pond?
ReplyDeleteHow many of the good old boys have made thousands from Mill Pond? Any names-anyone.
This smells about as bad as the Safeway relocation when the agreement was made several years prior to the announcement. They allowed the city to proceed on a search (Warren field-Mill Pond-Fair Grounds) but is was already a done deal to purchase land in upper town from Haukee-Perkins-Brew and a hold out attorney who finally caved. Things never change, do they?
Mill Pond is indeed a good looking development that transformed an unused, rotting site into something quite nice. But I strongly object to the government subsidization of it, and having to permanently continue to do so in the form of low income housing subsidies that are a major part of that project. I object to taxpayer subsidized tax credits for developing it, and to the taxpayer subsidized money funneled through tax-free, not-for-profit Shorebank to finance part of it. It could all have been done with private funding, but many of this city's developers have seized on the subsidized programs offered by a government pushing low income or other social programs by offering our tax money, grants, tax credits or other subsidies to developers who grab the "free" money despite the conditions that come with the subsidies. This entire process crowds out private capital and competes unfairly precisely because of the tax subsidy advantage. Tax subsidies, simply put, are gifts to a chosen few from all of us who have no choice but to pay.
ReplyDeleteSo McGee can chirp all he wants about the wonderful Shorebank model, living as he apperently does in a development made possible only by taking money by force from taxpayers who have to live with less because of people like McGee who have become socialist converts without even realizing they have become assimilated. And please, putting people to work with government money is not putting people to work. It's taking from Peter to pay Paul, a tactic that has gotten Europe, and frankly the United States in a financial mess I'm not sure we can actually extricate from without a major war. I can think of many, many projects far worse than a good looking Mill Pond as examples of the distortion of the mostly free enterprise system that truly built this country, but it does not diminish the fact that the veneer of success that Mill Pond represents belies its socialistic financial origins. It's a financial model that only makes sense if you like government deficits and debt as far as the eye can see.