HUDSTEAD (OF COURSE):
Wayne Rosen, flush with money and one of our largest Miami Dade County campaign donors ($65,000 to Lynda Bell), is NOW asking for a $3 Million dollar public money handout. He is promising 85 jobs at his golf course. Don't think so, but if it the jobs do pan out, he will stop paying them pretty soon by laying them off, I imagine. This just doesn't seem like an economic boom since the golf course was already there for years and the workers were already working to maintain the golf course in a manner unfit for most golfers.
"The Section 108 loan guarantee program allows local governments to transform a small portion of their CDBG funds into federally guaranteed loans large enough to pursue physical and economic revitalization projects capable of renewing entire neighborhoods."So he wants the City to get a loan guaranteed by HUD to pay for a golf course he promised a community when he sold his subdivision properties to all those unsuspecting rubes in Hudstead. And the loan will come from a fund that was to be used for economic revitalization projects. A Golf Course? Really? What is that going to revitalize? The money is supposed to go to distressed areas: Keys Gate? Thinking not what HUD had in mind.
Perhaps the city of Homestead and Wayne Rosen should get this HUD toolkit and read it:
CDBG Economic Development ToolkitI can see he is going for "Job Creation" but that is such a stretch I am sure his body will ricochet all the way back to Miami Beach where he belongs. Leave Hudstead alone Wayne! And stop asking for public dollars from politicians you have givens tens of thousands of dollars to through PACS and ECOS.
This Toolkit provides guidance on the effective use of CDBG funds for financing eligible economic development projects, including microenterprise and small business development, large-scale commercial and industrial development, and job creation, job retention, and job training activities. The Toolkit discusses the basics of financial underwriting and application of HUD’s public benefit standards as well as a variety of economic development financing methods.
UPDATE: AT THE MEETING: Rosen is now asking for $3.5 million.
Rosen's home is worth more than this loan, as if that wasn't enough, the people of Homestead pay him $490,000 annually as part of the '93 Settlement Agreement.
|Looks like Wayne Rosen needs public dollars....NOT!|