Incomplete list of U.S. Federal/State/Local Government self-destruct announcements for May 2017:
Alabama: Taxpayers in the city of Oxford forced to pay for the former Sears building at the Quintard Mall. The mayor of Oxford recently announced that in an effort to save the local economy they’re willing to buy the property, which has been up for sale since November 2016.
Illinois: Star Center Mall now chapter 11 bankrupt busted and it’s blamed on “the City of Marion regarding disputed bonds.”
Minnesota: Local news media reporting that the taxpayers of Minneapolis are about to become the new ‘landlord’ of the Kmart on Nicolette Avenue. It’s being blamed on the ‘re-connect’ scandal. The $7-million USD proposal will be discussed in June. Local news media also revealed the city made an $8-million offer to buy the Kmart on West Lake Street, last year.
Mississippi: The state Forestry Commission laid off 75 people due to declining tax revenues.
North Carolina: Management consultant contractor CGI Federal shutting down its Durham InfoTech ops due to losing a federal taxpayer funded EPA contract, 1-hundred jobs lost! Surry County condemned the now vacant Kmart building at the Mayberry Mall. The condemnation prevents the property owner from finding a new tenant, until the structural problems are fixed. On top of that, local news media report the property owner is back due on county level property taxes. The action by the county opens the door for use of taxpayer funding to deal with the problem. Alamac American Knits shutting down in Lumberton, 154 remaining jobs gone due to the long term effects of NAFTA (North American Free Trade Agreement)! Administrators stated that before NAFTA went into effect they “…employed 1,000.”
Puerto Rico: The governor is demanding Title-3 bankruptcy protection for the U.S. territory.
Texas: Taxpayers in the city of Abilene might be forced to pay for the abandoned Kmart as “…funds would be used to acquire, renovate and equip buildings for a new police station, municipal court, water utilities billing, collection and meter-reading offices, and record storage. The cost is estimated at $9 million.” The combination donation-taxpayer funded Houston Symphony announced an undisclosed number of layoffs in an attempt to survive the next ten years. Taxpayer funded illegal immigrant ‘shelter provider’ Southwest Key Programs suddenly laid off hundreds of employees “Due to the low number of unaccompanied children crossing our national border, the federal government has instructed all of its shelter contractors, including Southwest Key, that they must decrease the bed capacity…..”
The office of the Texas Comptroller issued a warning over the growing push by big box retailers to use Dark Stores as a way of avoiding their fare share in taxes. Dark Store: A large retail facility that resembles a conventional supermarket or store but is not open to the public, housing goods used to fulfill orders placed online.
Virginia: British empire owned, U.S. tax-sucker BAE Systems suddenly began laying off 3-hundred people in Norfolk, due to uncertainties over the new U.S. Navy taxpayer funded budget!
Wisconsin: The 50+ years old Brookfield Sears Auto Center shutdown, local news media revealed that Brookfield city administrators spent taxpayer money on a five years study to justify creating a taxpayer owned conference center near the Sears Auto Center location. The Economic Development Commission of Fort Atkinson has revealed plans to spend taxpayer money on the now vacant Kmart property. Local news media reported the city Fort Atkinson asked Sears Holdings how much they wanted to sell it for! It’s been revealed that nearly 40 cities are pushing for a new state law that will prevent taxpayers from being forced to pay the property taxes on vacated stores like Target and Sears. It’s a complicated mess, but because of current laws and recent court decisions local Wisconsin taxpayers are being forced to foot the property tax bill on vacated retail spaces! This has led to municipalities using taxpayer funding to sue retailers (most recently Target and Sears) for creating what’s called Dark Stores.
WARN=Worker Adjustment & Retraining Notification
Government Shenanigans April 2017: “…..WE ARE MISMANAGING MONEY.”
OBAMACARE ACA DEATH SPIRAL, MAY 2017: “UNSUSTAINABLE FOR OUR COMPANY”
DUMBING DOWN THE U.S. OF A., MAY 2017: “THIS IS VERY TROUBLING, THE WORST I’VE EVER SEEN IT!”