Regarding Hillcrest's lowball offer, a Knoxville News Sentinel editorial had this bit of propaganda today:
However, the county’s price tag took into consideration Hillcrest’s longstanding relationship with the county and Hillcrest’s investments in the properties over the years, including installation of a sprinkler system.
They forgot to mention that state law (and more recently federal law) required installation of sprinklers. (Unless Hillcrest found some kind of loophole -- there seem to be lots of those). And the KNS didn't do any math regarding how Hillcrest's $1 per year lease might offset any investments they made.
So once again you have to wonder who was pushing this deal and why. If the KNS was on board and now lamenting its demise, there is probably more than meets the eye.
UPDATE: A reader writes to say that I am missing the point of the editorial and that #9's remark in comments that the KNS is a "wholly owned subsidiary" of Ragsdale is off base.
I stand by my criticism of the quoted paragraph for the reasons stated above. But our reader notes that the rest of the editoral says "the three facilities should be put up for bid, which is what opponents of the Hillcrest deal (and not the Ragsdale administration) wanted."
The reader also notes that it was one business day after the KNS reported about Hillcrest West being on the Medicare watch list that Hillcrest announced they were withdrawing from the deal, and that it was the KNS who first reported that Cynthia Finch conducted the mysteriously missing "market analysis" while serving on the board of the fundraising organization for Hillcrest.
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Remember the new N-S building was "creatively" financed
and I doubt Scripps would have sunk any money into Knoxville newspaper operations unless it was a sweetheart deal, on the back of the taxpayers. These people probably don't realize anything wrong with local governments subsidizing private property owners' facilities. Public dollars and public tax abatements and freezes should be utilized on project that benefit the public, not just a select few.
There continue to be insinuations around town that the daily rag isn't meeting its agreed upon employment figures promised in the financing package, however, nobody is really willing to roll up their sleeves and publish the agreements regarding the deal and the sooner this newspaper and its agenda are tossed out of town, the better off we will all be.
Not really
"So once again you have to wonder who was pushing this deal and why."
(link...)
Larry Van Guilder
The KNS
looks again to be a wholly owned subsidiary of RagsdaleCo. One of the more ridiculous unsigned editorials this year. It has the PR fingerprints of the sixth floor.
On the same note that case is made here:
(link...)
More people are beginning to voice their disapproval of the editorial content of the KNS. How many people really miss Harry Moskos? Harry pushed the envelope a little. This new management is over the top.
Don't put yourself down...
For someone who doesn't take people seriously you have a strange obsession. How is the red cube project for KnoxViews coming?
Eight years old
I don't know what you are talking about.
I think you do.
(link...)
Not exactly...
I don't post at the Blab anymore.
Cubing takes a lot of time. No time for posting?
See who all was profiting from the Hillcrest deal, contracts?
check and see who the county paid to provide "market analysis" and other consultation services regarding the sale.
Double check and see who the closing agent would be on this transaction and I think you will find these are people who have been questioned or interviewed by the TBI regarding out county government. Nothing creates a positive impression of somebody like a little money thrown around in difficult real estate times.
Okay, but...
Double check and see who the closing agent would be on this transaction and I think you will find these are people who have been questioned or interviewed by the TBI regarding out county government.
Good idea, but how exactly could it be determined who the closing agent would have been? I may have missed that in the updated links. Is the suggestion that would have been Cynthia Finch?
Bump and update with
Bump and update with response from a reader, updated in the original post.
I'd bet John Werner ran the market analysis for Hillcrest
and Holrob provided some additional services. But you'd have to ask the mayor and review the check register to identify the expenses incurred and paid by the county for the Hillcrest fiasco. Who knows what the county spent on trying to slide this one past the taxpayers, but the real question is who would profit from such a sale and continue to carefully scrutinize who profits anytime the Knox County sells real property.