Before I even had a chance to allow the thought to pop into my head, someone said to me,
“How much you wanna bet this project will come to the city to help fund it, either in capital, operations, or both?”
I have yet to hear that, but seeing some of the players involved with this, I’m not going to hold my breath.
“I’ve got an idea”….”If Denny can come up with $2.5 million dollars towards it, then maybe the city could throw in an other $1.5 million for it, huh?”….. #DejaVu #STATEofThingsToCome
the board of directors for the y is full of bankers. how did they let it get to a situation where they supposedly can’t pay the mortgage? what kind of sweetheart deal did they cut craig lloyd on this, to let him build apartments? and, isn’t the timing suspicious, a week after he wants a 22 million tif from the city, that this is in the news, to take attention off of that?
I attended the presentation yesterday that was promoted in the media. It seems like a very noble project and it’s being lead by some people who have been very successful and genuinely trying to help children in the Pettigrew Heights neighborhood.
There were some details missing in the presentation that would be helpful to anyone (donor or politician) to know before providing financial support.
Specifically, it’s unclear who is going to own the building after its loan is paid off, what organization/team is going to manage the facility moving forward, what the funding plan is for the building after it is repurposed, how existing YMCA programming will be impacted and what the partnership with the Ministry Center/Empower Campus looks like. It’s also unclear what Boys and Girls Club activities will be at the YMCA building and what will be at the Empower Campus (former school for the deaf).
The YMCA team/business leaders behind this project are probably working to figure those details out now, but the project does not seem to be 100% fleshed out, at least as of today.
“How about a TIF for the poor kids, huh?”