Friday, September 27, 2013

$300 million going to Detroit

Well, who saw money flow to Detroit coming?

It’s OK. All of the money is not free, Federal, your tax dollars. Some will be Michigan tax money. And some from “private business and charitable foundations.”

http://www.freep.com/article/20130926/NEWS01/309260199/white-house-bankruptcy-aid-for-detroit-blight-removal

“The funding will include $150 million in blight eradication and community redevelopment, including $65 million in Community Development Block Grant funding — which had already been awarded over two years but could not be accessed by the city. An additional $25 million could help hire as many as 150 firefighters in the city.

“Some $24 million in federal resources that had been tied up will go to repairing buses and installing security cameras, part of an overall $140-million investment in transit systems. And several charitable groups — the Ford Foundation, Kresge Foundation and Knight Foundation — will put millions into spurring entrepreneurship and creating jobs.”

Gov. Rick Snyder on previous tons of money thrown at the Motor City: “Detroit historically had some major problems deploying grants and other resources, and so there could be a fair amount sort of stuck in the pipeline,” said Snyder, who was in Washington on Thursday. “Financial systems, accounting systems for the city of Detroit? They are a disaster.”

(I think those “major problems deploying grants” might have something to do with cousin and uncle and brother-in-law contracts. The sort of thing that goes along with Northern Democrat-run cities.

(The linked headline infers money is for "blight removal." Well, maybe half of it.)
Also at drudge.

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