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Tuesday, December 1, 2009
News / Biz Project Cardinal
Posted By Rhiannon Fionn-Bowman on Tue, Dec 1, 2009 at 5:34 PM
Anyone else smell the sale of principle?
Our County Commission is planning to vote on a multi-million dollar project tonight, but they can't tell us what it is or which company is involved ... only that the deal will lead to the magic word: jobbbbbs.
Oh, well, in that case ... we do have double-digit unemployment and all. But, how many jobs? Six-hundred-something? Ummmm, what about the other half-million, or so, unemployed in our fine city? Are they going to get a super-secret deal to lure a company to town, too?
Listen, I'm confused: I thought our government was a representative government whereby our elected officials represent us when making decisions. Now, how in the hell are we supposed to know if We The People want these jobs and this company if we're not allowed to know anything about it until after our government decides to kiss its ass all the way to town?
Mecklenburg County is mulling over more than $13.2 million in federal stimulus bonds for a top-secret industrial expansion code-named Project Cardinal.Already, members of the N.C. Department of Transportation board have approved up to $150,000 for the project.
The mystery company is promising a capital investment of $148 million and up to 650 jobs within five years, according to N.C. DOT. About 190 workers could be initially hired at the proposed production facility.
The county’s numbers are slightly different: Project Cardinal is expected to create 620 jobs and bring a capital investment of $131 million.
County commissioners will vote Tuesday on issuing its full allotment of $13.28 million given under a $25 billion recovery zone bond program created by the American Recovery and Reinvestment Act and administered through the U.S. Treasury Department.
Read more from The Charlotte Business Journal here.
Further reading from The Charlotte Observer: County to vote on unnamed project
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