UPDATE: City of Sioux Falls Financial Director reveals how remodel will be paid for
l3wis UPDATE: If you looked at the finance reports I posted a link to earlier in the week you will see that Matt Paulson and Craig Lloyd were the top two donors to candidates. Heck, even Councilor Nutzert donated a $1,000 to a candidate to challenge incumbent Brekke. Which I find strange considering 1) Janet has more qualifications than anyone sitting on the council and 2) Has voted with the rubber stampers 99% of the time. As I have mentioned in the past, this is why you can’t get regular people to run, because the money elite will donate to the rubber stampers that will do their bidding. Also notice there is a lot of talk from Paulson when it comes to remodeling the new building, but once again nothing in writing and only days after council approval the dollar amount they were floating around has suddenly disappeared from the discussion;
Earlier this week, the Sioux Falls City Council approved a deal that will allow Startup Sioux Falls to move into the former Parks and Recreation Department building at Sixth Street and Phillips Avenue. The agreement provides a 10-year lease for Startup Sioux Falls at the rate of $1 per year. The space will be completely renovated at Startup Sioux Falls’ expense, creating offices for its staff, a modern co-working space and an event space for startup community events. This move will place the center of activity for new business formation directly in the heart of downtown.
As usual, follow the money, the rich give out their tokens and they receive the goodies from the taxpayers.
I had no doubt the city council would vote 8-0 to approve the new Zeal/Startup Center last night, but it didn’t stop me from testifying about the lack of transparency in the contract that should mandate they HAVE to spend $1 million or more on the remodel.
Of course several board members walked to the podium (after I testified) and talked about all the wonderful things . . . blah, blah, blah, but none of them, any city employees or councilors counterpointed what I said about having it in the contract in writing.
One councilor asked the finance director about the naming rights deal in the contract. Shawn admitted that the remodel plans haven’t been drawn up yet so they don’t have a price tag yet (even though they are fine with renting the facility for $1 a year). Then he explains that the money needed for the remodel will be likely generated by naming rights. In other words, there is the possibility Matt Paulson will likely front the money for the remodel in return for hanging his MarketBeat sign on the building.
I don’t care what kind of charitable giving people do in their personal and business lives, but it always pisses me off when that gift has strings attached when it involves public/private partnerships. Can’t these people just write a check and be done with it? Of course not, they need something in return, as if the $1 a year lease for 10 years isn’t enough? I understand naming rights when it comes to the Events Center and other facilities like that, but now we are doing it in parks and buildings that we should just liquidate. Why does the public have to be involved with this very scrupulous deal to begin with?
When Shawn said that the council ‘Will have to approve any naming rights.’ I just laughed, as if they would vote anything down at this point. What a bunch of Clowncilors.
Once again, another handout with the taxpayers holding the bag.
