Jackson Kinney's response to questions posed about the Five Rivers financing package can be found here. The answers are somewhat horrifying: Kinney claims that the choice of a "direct pay" vs. "pay as you go" development assistance option is a decision to be made by the developer! Nothing to worry about though, because "various security/guarantee measures will be built into the development agreement to protect the city/RDA's interests." Well that settles that.It's difficult to read Kinney's statements without coming to the conclusion that the almost total lack of public oversight of the Five Rivers project to this point has now landed us in a very precarious, quite possibly catastrophic situation. If the project goes forward under these conditions, it ought to be called the P.T. Barnum Resort since we would have been taken for suckers.
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And what is going on with Dennis McHugh. To read his comments in this morning's paper it sounds like he is just fine with things. Does he just not understand the real situation or is he being hoodwinked too?
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