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WHO knew??? Cuyahoga CorruptionSubmitted by lmcshane on Sun, 06/10/2012 - 08:31.
Victims of Plymouth Park: Contact Attorney James McEldrew, III, at ( 215) 545-8800 or 123 S. Broad Street, Suite 1920, Philadephia, PA 19109 email jim [at] mceldrewlaw [dot] com">jim [at] mceldrewlaw [dot] com or Accelerated code enforcementSubmitted by lmcshane on Sat, 06/09/2012 - 04:16.
Thank you for posting the above information on a class action suit against Plymouth Park. I have directed some victims to the attorney. It will be interesting to see an outcome. I am not encouraged by this article: There are too many folks in NEO who will NOT question the history, motivation and strategy of the "land bank" model--mainly because they have benefitted in terms of an appointed job as part of the system (see Housing Court, Cleveland City Council, Community Development Corps, Cuyahoga County). It's profiteering camouflaged as urban renewal. Low, low prices on all real estate with opportunities to have the public pick up the tag on demolitions. It's just another "investment" opportunity. And, an opportunity for sick outfits like Safeguard.
Land Bank is money laundering for the mess left by Plymouth Park and tax liens sales authorized by County Treasurer which stopped in 2008, because Plymouth Park was not paying their taxes. Rokakis regrouped his scheme and used the "land bank" to pick up these delinquent liens, where the liens and title to these properties can be sanitized with some wite out. Frangos who leads up "Land Bank" was at Boards of Revision before the promotion...here's a description of how land bank lots work for developers. Dianna Hill's explanation deserves reposting: Kickbacks for Developers.... Kickbacks are all legalized with the right connections: 1) Remember, even though they bought them for $1.00...they were able to give an EQUITABLE VALUE to these properties that empowered them to use them as a leverage in the big scheme of capital investments towards leveraging dollar for dollar grants...Thus if they said the property was valued at $50,000 as a buildable vacant lot...then they got credit for that value and that much in funding towards their building project along with HOPE grant subsidies...it's an extraordinary web of money laundering for high end development! Below is a 1996 HUD outline of some of the original funding outlines! a) Brownfield Development Funding (See the properties of Battery Park as an example). b) 15 year tax abatements c) Tax Credits for new development that is supposed to be low-moderate income housing... d) HUD Funding for administration costs: 1) Empowerment Zone funds (East side of Cleveland) 2) Enterprise Zone Funds 3) Supplemental Empowerment Zone Funds 4) Home Ownership Zone funding collaboratives Who invited Plymouth Park???? Let's look to Youngstown for some answers: See: http://smartgrowthamerica.org/documents/youngstown-program-brief.pdf From: The sale of tax liens to private debt collectors
Prior to 2004, the City of Youngstown and Mahoning County independently exercised And, of course, in Cuyahoga County, where the sale of tax liens was "pioneered" in 1998 by he-who-shall-not-be-mentioned-- the very complex process means administration and sale of tax liens avoided the big fish tax scofflaws $$ like Gus Frangos: Nothing fishy there!
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Who knew??
I have a problem with this...
http://abcnews.go.com/blogs/politics/2012/05/obama-jpmorgan-is-one-of-the-best-managed-banks/
(and it directly relates to the Democratic machine we live with here in NEO--there are no real choices in this upcoming presidential election...)