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________________________________________________________________ Say What? "[The Convention Center] Authority board and its staff will not participate in the process relating to the consulting services to be provided to the county by PKF Consulting."
September 5, 2006 Publisher:
NewsLanc.com LLC Volume 1, Number 3
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for full articles)
if it will run a 'People Poll' asking:
"Do you support public guarantees of Convention Center Project debt?"
"We Will Not be Giving Money"
In yet another exposure of the Intelligencer Journal's fantasy headline on 8/11/06 ("Center fund gap filled") is the statement written by Timothy Smedick, Executive Director of the Historic Preservation Trust, to NewsLanc.Com:
"We will not be giving money to the Convention Center Project."
The non-existent $3 million from the Historic Preservation Trust is added to the so-called $7 million saved by eliminating a parking garage that was not even in the construction budget! Then there was $5.25 million in so-called savings from "value engineering," despite repeated earlier attempts to cut costs and the awarding of the construction contracts the next working day.
The "smoke and mirrors" savings amount to $15 million of the previous $20 million gap (much larger when an $8 million allowance for contingencies is appropriately included).
Has the monopoly press no shame concerning how far it will mislead to salvage its 44% investment in the bloated and unfeasible convention center project?
Former City Controller to NewsLanc.Com:
'Sweetheart Deal' for Partners
R.B. Campbell, former City Controller
-- C. Ted Darcus, Chairman
The Convention Center Authority and Darcus are city and county joint appointees.
Why was Darcus opposed to discovering the facts?