VERNON'S C. R. COUNCIL PALS SQUANDER $569,590 WITH NO DISCUSSION OR GAZETTE NEWS

6-30-13

Greetings, Cedar Rapids Wanna Be Governor, Mayor Corbett, Council Members and all—

Please forward this post to Monica Vernon, who is frantically running for the 1st Congressional District seat. 

It’s  business as usual for Monica Vernon’s Cedar Rapids city council pals.  On 6-28-16 they squandered at least $569,590, of $53.7 million, on the Double Tree Hotel Convention Center Complex, without any discussion--or a Gazette report of it.  It smelled so bad even Todd Dorman, a Gazette liberal columnist, sniffed at it. 

But Vernon will run on it for Congress--with an upcoming Gazette endorsement as well!!

The following table gives the total bad news through 2018—that will most likely continue through 2032 and beyond.   

CORBETT AND VERNON WANT TO TAKE THEIR MISMANAGEMENT SKILLS TO THE STATEHOUSE AND U. S. HOUSE

CORBETT AND COUNCIL ARE THROWING MORE MONEY DOWN THE DOUBLE TREE HOTEL , CONVENTION CENTER RAT HOLE.  Source:  Gazette & Iowalive 6-28-16

BAD CEDAR RAPIDS CITY  LOSSES

12/30/10

12/30/14

12/30/15

6/28/16

12/30/17

12/30/18

TOTAL LOSSES

DOUBLE TREE HOTEL , CONVENTION CENTER

*$49,500,000

$500,000

$249,000

$569,590

$550,000

$470,000

$51,838,590

SET ASIDE FOR FUTURE UNCOVERED COSTS

 

$186,000

$279,000

$372,000

$465,000

$558,000

$1,860,000

TOTAL  CORBETT, VERNON ET.  AL. EXPECTED LOSSES THROUGH 2018--WHEN WILL THEY END?

$53,698,590

*Paid for renovation that is now worth about 15%  less than it cost.  All will be lost under Corbett and council etc. mismanagement.

Anyone claiming to have better numbers is asked to provide them—including years 18 through 32.

Sincerely,

Iowalive      A growing network of volunteer citizens and professionals for improving Iowa