Fort Smith city government/Griffin…New Market Tax Credits/3 candidates for Ward 4
Is trust in the Fort Smith government waning? Smoke & Mirrors, or do they really understand what they are approving.
Reporter Ben Bolden of the Times Record has reported numerous times on the Griffin/Pyle New Market Tax Credits Extravaganza, all mirror images of one another. Little or no investigative journalism has been utilized in the Times Record stories re New Market Tax Credits.
The Fort Smith Housing Authority–Griffin/Pyle, in conjunction with the Fort Smith Planning Commission (a non-elected body) has endorsed Griffin/Pyle’s Community Development Entity (CDE) which is able to apply for the New Market Tax Credits. CDE is akin to “Quality of Placeâ€, “Smart Growthâ€, etc. all part of the U.N.’s Agenda 21 for “Sustainable Developmentâ€, i.e. globalization.
The city board okayed the nebulous CDE without a whimper. Why?
The city board, neither singularly nor collectively, has made any effort to explain the nuances of what a New Market Tax Credit is. Do they themselves know?—probably not. The best that can be ascertained regarding the 20% tax credits sold is that the IRS will forgive federal taxes owed by an individual or corporation on up to that amount invested. Ask yourself why would the federal government make these concessions particularly when our Republic is in a depression and deep deficits? To complete the pie chart, where does the other 80% needed come from? The federal tax credits are said to help fund a PRIVATE OR NON-PROFIT redevelopment project—define! It is said New Market Credit funds are intended to incentivize job-creating projects in low income areas. How? Who does the contracting? How do Griffin and Pyle benefit economically from this private/non-profit operation? (whatever that might be) Does the Griffin/Pyle Fort Smith Housing Authority not act as a major magnet for the 97/3 (3% of Americans cannot fend for themselves and must be taken care of, 97% of those seeking housing & other welfare refuse to participate in self-reliance) Homeless scam and illegals? What is the forecast regarding the expansion of HUD in Fort Smith?
A sobering note, topically mentioned in news stories is Griffin/Pyle have indicated they want to form a nexus with the federal government to take over the Marshall’s Museum, formerly billed as a “private†endeavor. Included in this takeover by Griffin/Pyle are Griffin’s private properties that dot the cities’ landscape, much of which has forced taxpayer subsidies.
This is an exaggerated Urban Renewal of 1964, on a much grander scale, where taxpayers subsidize the redevelopment of private property.
Is the Fort Smith City Board a willing participant in government incursion into private lives and forced redistribution?
It was interesting to note that Ward 3 Director Don Hutchings said “he was excited about the economic potential of the CDE projects†and urged Pyle to continue to “keep the process open.†Director Hutchings, please explain the economic potential of these projects and by “keep the process openâ€.
What are the chances of changing directions? Ward 4 candidates reveal their positions.
- Patrick Jacobs…..â€wants to serve less than 2 yrs so he can assess whether public service suits him & his family†(translation=to determine if there are any political or economic enhancements) Jacobs is a ward of Fort Smith’s politically correct crowd….Leadership Fort Smith, “giving backâ€, “making a differenceâ€, etc. Jacobs has been reluctant making concrete political and economic statements re city government, would much rather vacillate. Jacobs wants to hire a full-time Grant Writer…kinda like a fisherman’s depth finder seeking fish to capture. This would obviously result in more government incursion and involvement in our private lives.
The following is a view of Jacobs’ idea of progress, i.e.†miniature train at Creekmore Park, Streetscape on Garrison Ave. along with the park at West End with its large Ferris Wheel.â€
- Marshall Sharpe…..Sharpe is employed by OK Foods, a huge magnet for illegal Mexicans and OTM’s. In my opinion, he would be a representative for those hiring illegals and that alone should defeat him. He & Jacobs have bandied around the “Quality of Place†federally induced scam on numerous occasions further indicating they are members of the inside crowd.
- George Catsavis……Catsavis has posed critical questions, e.g. he does not see the town progressing and he has not seen anyone take the initiative to attract any businesses here. He is against both a restaurant tax and a reallocation of part of the street sales tax to float the Convention Center. He suggested leasing the Center so the city can remove itself from that obligation. Catsavis also stated the city cannot afford to spend money on features like riverfront development, running West End Park, or the takeover of Ben Geren Regional Park and other projected city involvements.
All practical solutions/actions.
Kindest regards,
Joe McCutchen
Cc: citizens