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Suspicious Timely Resignation Fay-Penn Executive Director
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Fay-Penn executive director resigns

Tribune-Review Published: Wednesday, March 5, 2014, 12:01 a.m by Kurt Polacek

For only the second time in its history, the Fay-Penn Economic Development Council is searching for a new executive director.

William B. Blaney, executive board chairman, said Michael A. Jordan, stepped down from the director position on Friday.

Read more:
http://triblive.com/news/fayette/5702511-74/blaney-fay-jordan#ixzz2v6omhc7n

Agenda Bizz 5 March 2014

Hmmm.  Maybe, just maybe, Executive Director of the Fay-Penn Economic Development Council, Michael A. Jordan,  Jr. resigned, because he has a conscience...

Oftentimes, one's personal health is affected by personal choices...

One can at least envision... seeing and understanding the immediate hypocrisy of Fay-Penn - a non-profit, by the way - acquiring brownfields and undeveloped properties with existing problematic soil and land situations at little to dollar-bill costs, receiving millions upon millions in state grants and no-interest loans to develop blighted properties, then turning around and acknowledging sell-price to a multi-million dollar Fortune 500 company, for instance, or mega-manufacturing plant executives is going to be the same proposed sell-price to the county - Mr. Jordan rethought his life's occupation.

How many millions for 58 acres of undeveloped land situated in the so-called Dunbar Township (industrial) Business Park?  $1.5 million and climbing. 

Should the county leaders be so irresponsible to actually purchase the 58 acres (knowing DEP has had to pay visits to surrounding/adjacent private-businesses located in the industrial park), the county is scheduled to obtain approximately $30 million in borrowed tax-anticipation loans to fund the construction costs and associated costs for building a new prison complex.

Over a some 30 years of interest on the loans, costs to taxpayers would double, so nearly 3 generations will be paying off a loan, a loan that cannot ever be defaulted on if there is a downturn in the economy, or few if any new taxpayers are attracted to Fayette County, those few taxpayers remaining in the county will be faced with paying off at threat of LOSS OF PROPERTY if they don't pay up.

Meanwhile, Fay-Penn enjoys grants, little to no interest on government loans, ability to pay to acquire any property it so desires at any cost as taxpayers subsidize Fay-Penn and have since the early 90s.

The proposed 58 acres the county is in the process of purchasing for whatever asking price, does not have even the basic infrastructure - yet?  What has Fay-Penn been doing with the $7.5 million grant from the state? 

Truth and transparency?  Great equalizers those.  Balanced mind, body, and spirit, and open quasi-government?  One can envision.  Maybe it has happened, or will.

                                                                                                  


Herald-Standard, "Fay-Penn executive director resigns," Steve Ferris, March 5, 2014 2 AM Fay-Penn Economic Development Council announced Tuesday that the agency’s executive director, Michael A. Jordan Jr, has resigned from his job citing health and personal reasons, a board member said.

http://www.heraldstandard.com/news/local_news/fay-penn-executive-director-resigns/article_3bcc036e-607b-5c06-bad3-954393c1952a.html




                                      

Herald-Standard, "Fay-Penn offers same land price to county as to developers," Christine Haines, February 28 update March 3, 2014

The price being asked for land under consideration for a new Fayette County prison was questioned by a resident attending a special meeting of the county commissioners Wednesday.

http://www.heraldstandard.com/news/local_news/fay-penn-offers-same-land-price-to-county-as-to/article_352d5392-1cad-5c34-a7e5-a1d7fd83eec5.html


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