ABOVE: TID 17 – as proposed by former Mayor John Dickert and his cousin former City Administrator Tom Friedel.
BELOW – Actual Satellite picture of the Porters TID 17 site: WHOOPS! Guess that the above proposed construction didn’t actually happen!
The Porters Lie
Over 1.2 million in taxpayer dollars was advanced to Micah Waters and Porters for the re-development of the Porters building in downtown Racine. The public was informed the bank financing was in place and that Racine residents would be employed on the project. Racine advanced the money, and has absolutely NOTHING to show for it. The project is non-existent.
Ed note: The Porters Project did create a taxpayer funded hole in Downtown Racine. Video below – Brian O’Connell is sorry.
The City of Racine is once again sticking up taxpaying Residents with the Porters Scam; Stick ’em up George! The Cory Mason Gang is coming to take your property and rights away!
The City of Racine Independently Audited Financial Report for year ending 2016 reports that TID 17 is already failing and that Taxpayers must bail it out for a cost of $26,408. Worse yet is TID 18 – aka Machinery Row, 2016 shortfall was $7,151,988, then TID 16, aka Uptown I , whose 2016 shortfall was $278,442, while TID 19, aka Uptown II, had a 2016 shortfall of $52,074.
While the RDA is broke and operating on advances from the City in the amount of $2,736,585!
WHOOPS! Well, at least Micah Waters got to remove his property from the taxpayer rolls and keep it – while his share of taxes was shifted to those not fortunate to be the Beneficiary of a TID or Non-Profit.
It’s just the City of Racine way….
For those who choose to continue to live in Racine, you may wonder – how many active TIDS does Racine currently have? That number is an incredible 14 active TIDS! Even the Racine Department of City Development is having trouble keeping information up tp date as they provide NO information on TID 19 (Uptown II) or TID 20 (Regency Mall).
Screenshot taken from the Racine Department of City Development:
According to WI DOR, as of 2017 Racine County boasts more than 27 active TID’s, which doesn’t include City of Racine TID 20 or those being created by Mt Pleasant for Foxconn.
While City of Racine’s TIDS continue to perform poorly at best – to being outright money losers – according to WI DOR:
Enjoy the Scam-O-Rama Racine!
To be successful – All The City of Racine needs is a bigger Credit Card – or Legislative permission to increase taxes to the Moon!