Who is sleeping with the vultures in City Hall?

In the grand rush to do anything that looks like progress the City Commission is in a rush to do a deal with IRG, the same people who just took the Moraine GM truck plant for chump change.

A source tells me that the city is due revenues from UPS for the former Emery Air Freight building at the airport for 8 years.

If the city commission approves the deal next week- UPS pays IRG $5 million to take over the deal, and then IRG pays the city $3 million- netting the vultures a cool $2 million right away- with no long use plan in place for this facility.

Later- IRG can walk away- leaving the city with a building- and IRG with a pocket full of UPS cash.

Granted, the city should never have been in the real estate business in the first place- but, until this nation stops expecting taxpayers to subsidize mega corporations with corporate welfare- that’s how we’ll roll.

 

 

If you enjoyed this post, make sure you subscribe to my RSS feed! If you wish to support this blog and independent journalism in Dayton, consider donating. All of the effort that goes into writing posts and creating videos comes directly out of my pocket, so any amount helps!