Steve Shiver Sucks! If you didn't think so before you might now.
Here is the cover letter to the audit which gives a good outline of what is to come. And, yes there is a part about the Seminole Theatre. Will detail more tomorrow.
This audit doesn't look very good to me. It is HARSH by County standards. The audit says that reports furnished to the County over the years disclosed monies that were spent on approved projects but "reported accomplishments were distorted and misleading. There has been little or no affordable housing development or jobs created in the CRA District over the past five years." The audit report identified several questional transactions including:
• Land (approximately 4.2 acres), containing 44 dilapidated "Shotgun Houses," was acquired from Homestead Acres 866, LLC, a Company affiliated with former City Mayor Steve Shiver for $1.9 million, after a planned affordable housing project fee through. In anticipation of development, the CRA paid the Company rent subsidies for each vacant house totaling $310,000 over a two-year period. According to the appraisal report, the only comparable in the area had a value at the time of sale that was much lower than the CRA purchase price.
• The CRA paid $541,000 to develop Losner Park, which included purchasing land and a building that was later demolished. Records suggest the CRA began negotiations to acquire the property from JSG Investments Corp., in November 2003 for $113,000. For unknown reasons, negotiations were suspended and in June 2004, JSG sold the property to an individual for $75,000, who then sold it to the CRA three months later for $159,000. Moreover, Downrite Engineering, a company that employed former City Mayor Steve Shiver was hired to complete the Park improvements.
• Two vacant lots sold by the CRA in1995 for $40,000 were repurchased from the same persons, nine to ten years later for $350,000. One lot was owned by a former employee of the City's Code Enforcement Department.
• A not-for-profit entity run by former City Mayor, Steve Shiver was paid $401,000 to promote the City's Historic downtown, and annual management fees of $14,400 were paid to a museum run by former CRA Board member, Ruth Campbell.