OK, Mayor. Step up and look out for Burlington's interests! 21 single family homes and 435 units in that space!?
Is this the best direction for Burlington's waterfront?
great move BC, stay true to your mission, Education, I love it
Am I stuck in Double-Speak land? When does a business (IBM) "sell" a plant by giving the buyer a big payout?
I wish I could find someone who would sell me their house by giving me thousands of dollars to take it.
What was the creative solution? They didn't have many choices once Sanders signed the papers and had no asset to back up her plans with this was a crime.
The fraud was made in the purchase agreement. No one has put the property up for a bid or price discovery there has been an insider appraisal a low ball with the city for the diocese in kind payment in lieu of taxes and it was continued.
The school lied about its financial position to the bonding authority when they paid off Jane and Bernie Sanders and were left with an 8 dollar cushion in the bank not the half a million they needed to continue the charade.
Pomereleau pledged his commission check on the sale of the property to the Diocese so he is out zero, he has no skin in the game its a charade. But he will collect commission checks when its time to sell million upon million s of new properties.
I think it is in the college workers best interest to put the property up at auction for a competitive bidding process not just for the college but the community at large. This is the last piece of property that is undeveloped with waterfront views. Half acre lots on Apple tree point are listed at 700k each. so that is a 38 million dollar land value.
Is Mr Smith really getting the best deal at 7 million? Not freaking likely even half of 38 is better than the gift that he is giving to Farrell. It's a joke and a crime the bonding authority should exercise their options and declare this thing a fraud that it is. It is nothing more than an insider deal concocted by Sanders and his Crony's to enrich themselves at the public and colleges expense.
I am bitterly disappointed and somewhat incredulous.
Anyone thought this guy was going to have a creative solution?
I guess, I'm the only one who can understand why I feel sick and disgusted but... this is bad.
Farrel can now rape this property up in good shape.
TIT's up Vermont . Shumlin will oversee the new Vermont economy environmental super fund cleanup of the nuclear power plant and the Essex IBM plant site . While he plans to blow off the mountain tops and put propellers on the top and lace the state with transmission lines that demand clear cutting underneath.
All hail Shumlin economic hero the tallest midget in the race for governor. oh and Bernie could give a shit about the employers he is all about worker. some one should tell him you need a job to be a worker he hasnt gotten the memo.
Oh Joy! Let us celebrate! So says Peter Shumlin... :(
Excuse me? IBM has been loosing millions of dollars for years at its Essex operations. IBM could not find a BUYER because the Essex plant, its' employees, patents, machinery,etc. are actually (IN TOTAL) less than worthless..... IBM could only PAY another company $1.5 billion to take the Essex nightmare off of IBM's balance sheet. Is Global Foundries stupid? Heck no... Global sees value in a few things in Essex and Global demanded $1.5 billion in WELFARE payments from IBM in return for taking the mess off of IBM's hands. IBM will essentially be subsidizing the operations in Essex for a while, while Global sorts out the Essex mess that has a NEGATIVE value of minus $1.5 billion... Global will help fund obligations to current employees - all with IBM funds. Chittenden County had better see the light immediately... this worthless operation in Essex is doomed and the handwriting is on the calendar on our walls. Now, will Shumlin step forward and reverse this situation? Maybe another press conference will do the trick...
How can this fraud continue??The property was bought with a fraudulent balance sheet and empty promises ho is it that Farrell get an inside track on Development this is Bernie Sanders crony capitalism deal to put him on the VARSITY FRAUD TEAM . How is this development deal approved by the city? where is the act 250 due diligence??? The loan and the deal is a fraud perpetrated on the tax payers by Jane Sanders and Jonathan Leopold Tony Pomeraleau etc. it never would have been approved with out Sanders insider deal. Jane Sanders bankrupt the college and took a pay off plain and simple she lied about every metric .
Sanders should be hung from a yard arm for taking graft.
The faculty, staff and two students were "genuinely" supportive. What were their suggestions to reduce the debt and not allow the college to fail?
Keep Vermont weird.
This is all the more reason for a statewide teachers contract. The union plays off one district against the other for the best outcome. Plus the volunteer school board is at a disadvantage against professional union negotiators. I'm not against unions, let's just have a statewide contract.
This is all the more reason for a statewide teachers contract. The union plays off one district against the other for the best outcome. Plus the volunteer board is at a disadvantage against professional union negotiators. I'm not against unions, let's just have a statewide contract.
Solar panels and windmills are at best nothing more than bridge fuels and and at worst feel good distractions
from the gov /industry sequestered energy technologies. A future of conventional RE will lead us into Kunstler`s '"reality mandated economic contraction". "Real" RE will lead us into economic expansion
For such quality reporting, this article features an incredibly tacky image... can't you do better, Seven Days?
Don't miss this one: https://nowthisnews.com/these-wonderful-cr…
Wow. They threw that together in iMovie - it's a template I've used!!
Let's just stop with the entire "my tax dollars" spiel. Yes, teachers are paid, in part, from tax dollars but it is not as if your tax dollars go directly into the pockets of fat cat teachers. Furthermore, if this principle applies, teachers are paying their own salaries in paying taxes. If you think taxes are high, unfair, or making the cost of living unbearable, take a look at where your tax dollars are actually going. Teachers are not the problem.
Max, this is the kind of outside the box thinking I love. I am all in favor of Costco selling gas. Especially since Costco would be the only corporation selling fuel in Vermont that has a corporate commitment to paying a livable wage. Costco provides first rate treatment of it's workers, combined with livable wages, excellent training and from everything I have been told is a great place to work. Can Skip Vallee say that? The Handy's? Hell Skip Vallee does not even know the difference between a city owned business and a private one! As an outsider (Yes, I moved here from California, I must be a horrible flatlander out to screw Vermonter's) I can say I was shocked at how few people control business in this state! If the city needs to address this imbalance by imposing some sanity, well screw Skip Vallee! Him and his ilk have screwed the people of Vermont for long enough!
Great idea Mr. Tracy! As a Burlington taxpayer, I would willingly pay for this service and if there's any way to clip the feathers of Vallee that would be a bonus. Skip Vallee has shown how far he will go to stifle competition, what he has done to Costco and other fuel dealers is unbelievable. His highly unethical business practices and attempts to corner the market have hurt consumers, Costco should be allowed to participate and I think it's a brilliant idea for the city of Burlington to give it a go. I'd rather have the profits go to Burlington than continue to feather Skip Vallee's gold-plated nest!
As with anything that affects our children we can only hope the adults will make the right choices.