Is Legacy so intertwined with government we can’t boot them from the parking ramp project?

First Fiddle-Faddle does his best bang-up cracker-jack job of defending their investors;

Pfeifle said another protection the city has against improper investors is inherent in how the project will be financed. It’s assumed Legacy Developments will be financing at least a portion of the construction costs. Ignoring a state law barring the improper investing in a project, Pfeifle said, could jeopardize it and void it entirely, preventing the financier from getting its money back.

Yeah, we don’t need to see the investor list, we can just ASSUME they are doing the right thing.

Then I also see Legacy has their fingers in the newly announced Win Chill warehouse at Flopdation Park;

Win Chill, a refrigerated food storage and distribution center facility, will be built on a 54-acre parcel at Foundation Park. Legacy Development CEO Norman Drake said the facility will provide cold-storage for food companies in order to ship products to and from Sioux Falls and surrounding areas.

Besides the fact that we are allowing a development company that may be sued over the Copper Lounge collapse to build our DT parking ramp, and now benefit from over $30 million in infrastructure from taxpayers, Mayor Huether went on to say at the press conference reveal that this warehouse will produce good paying jobs.

Nothing wrong with warehouse work, it’s an honest living, but I would be shocked to see if they pay forklift operators $18-20 per hour. Even if it did, I’m not sure spending $30 million in infrastructure is worth the 35 or so jobs this place will produce.

Once again, our state and city leadership, in partnership with some questionable developers (who don’t use union labor for their projects) suckered the taxpayers out of millions for some corporate pigs benefit.



7 comments ↓

#1 The D@ily Spin on 05.05.17 at 3:23 pm

City officials continue to become intertwined with what’s likely a sophisticated organized crime false front. Has 9th and Main turned into Taminy Hall? Are the mayor and city attorney unethically involved? Is there commingling via deception and consideration rewards? Are the Feds going after a Sideras deal so he’ll sing?

#2 The D@ily Spin on 05.05.17 at 3:26 pm

Will Huether sell out for a book and movie deal?

#3 Emoluments Clause on 05.05.17 at 8:01 pm

Legacy is to the City, what Blackwater is to the Pentagon.
They privately work to get the job done, even if lives are lost….

“Who are the investors?!”

#4 anominous on 05.05.17 at 9:55 pm

Wow. That’s a lot of irons in the fire. I hope someone finds a good engineer for this one.

#5 Warren Phear on 05.06.17 at 9:08 am

Every time I read something about legacy, I am reminded of this Senator Whitehouse neil gorsuch exchange.

https://youtu.be/1JFaDMsi3lA

#6 Warren Phear on 05.06.17 at 4:03 pm

Sioux Falls Development Foundation makes 5.7 million dollars on a 54 acre industrial park land sale. What happens to that 5.7 million now, and HOW did that land come to be worth that much? It’s worth that much because needed infrastructure is, or will be in place when the place opens. To get needed infrastructure to a frontier outpost like foundation will cost 60 million and more. Who’s paying for that? Sioux Falls home owners are, that’s who. Water and sewer rates have quadrupled in the last decade because CIP money is being used for pet quality of life projects. Because second penny CIP money can’t possibly cover the 60 plus million it takes for infrastructure costs to foundation, our water and sewer rates skyrocket. So, long story short, somebody, who knows who in this dark money age, pockets 5.7 million on the backs of water and sewer rates to homeowners.

#7 Anny on 05.16.17 at 2:25 am

Someone needs to do a background check on everyone involved with this project.