And it is all BULLSHIT.
WXYZ VIDEO: Wayne County Exec. Ficano responds to audit critical of Pinnacle deal
Detroit Free Press
Audit says Wayne County blew $35.2 million on investment plan
Both the Newspaper and flip side on WXYZ are making Bob Ficano out some devious schemer when he’s anything but. Let’s get something straight here on both of these news media outlets including the Free Press quoting some off the wall right-wing source ( Mackinac Center for Public Policy, Michigan Capitol Confidential ) that Michael LaFaive of the Mackinac Center is apart of. I addressed these group long ago when nothing but bashings of this Race Track were constantly being bombarded on.
Yet The Michigan Capitol Confidential eventually came out with was a very accurate article WHY Pinnacle never had a chance from the beginning.
‘Schizophrenic’ State Planning.
The state of Michigan and Wayne County showered millions upon millions of tax dollars on the Pinnacle Race Course in Huron Township in 2008. The track was seen as the start of a tourist attraction that would draw fans from surrounding states and Canada, create thousands of jobs and generate millions in state revenue.
Yet state legislators and state government roadblocks were damaging the very project they were pumping millions of dollars of incentives into, leading to what one expert called a “schizophrenic behavior.”
Filed under Breaking News, Casino, Detroit News, Government, Governor Snyder, Huron Township Michigan, Mi. Governor Rick Snyder, Michigan Governor, Michigan Horse Racing, Michigan Horse Racing News, Michigan Legislators, Michigan News, Michigan Politics, Michigan Thoroughbred Horse Racing, News, Pinnacle Race Course, Politics, Racinos, The Michigan Gaming Control Board
Filed under Breaking News, Detroit News, Horse Racing, Law, Michigan Horse Racing, Michigan Horse Racing News, Michigan News, Michigan Thoroughbred Horse Racing History, News, Politics, Sports
State Officials use the Law finally to help a Troubled Business Officials from the Michigan Economic Development Corporation – the state’s flagship economic development agency – changed their mind about not giving a now-financially troubled race track millions in tax subsidies. This came after an original rejection of the deal by the MEDC led to queries from top Wayne County executives and the governor’s office.
Thank God somebody has come to their senses.
Blog Posted Aug. 26th @8:40pm
Gary Tinkle on the HBPA site brought up this point last year on how Governor Granholm and Michigan can give The Movie Industry a 42% tax break from Graholm to exist here. Which cost Mi. $120 Million in Revenue. But Horse Racing got 0% Tax break, which brings in over $400 Million.
And I put it in Several Blogs. October 29, 2009
MICHIGAN IS TOO BROKE TO FUND HORSE RACING.
July 19, 2010…
Indiana Downs Sets Handle Record. ANYBODY LISTENING MICHIGAN?
But now The Detroit News’s Nolan Finely has taken notice as well.
Last Updated: August 26. 2010 1:00AM
Michigan woos films, but lets horse racing tracks wither
From The Detroit News: http://www.detnews.com/article/20100826/OPINION03/8260339/1467/OPINION01/Michigan-woos-films–but-lets-horse-racing-tracks-wither#ixzz0xlgUtZmg
After all the Governor wants to kill us off anyway.
This is why Michigan is failing in so many realms. They have soooooo much money they don’t need NOTHING. Do You Michigan?
Dirty Damn Shame.
Pinnacle track thundering toward finish