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You own a small retail store and going broke, in Chino. If you don't make it, you close down.
If you are apolitically connected auto dealership in Long Beach, the city will loan you $600,000--at a time they are laying off cops, cutting library hours, cutting back on basic services.
No other evidence is needed--Long Beach is looking toward Chicago on how to be a corrupt city.
"The Long Beach City Council unanimously approved a $600,000 loan to a large local Ford dealership to keep the business from leaving town and taking its considerable sales tax revenue with it.
Money for the loan to Worthington Ford, which was approved late Tuesday, will come from a federally funded Community Development Block Grant and have a 5 percent annual interest rate. The money is slated to be used to update and expand the business.
Worthington Ford, is one of Long Beachs 10 largest sales tax revenue generators and employs roughly 120 people."
Cal Worthington is a Southern California institution since the 1940's. Still, using tax dollars to update and expand his shop--why not every other business in Long Beach to get the same deal?
Worthington is giving capitalism a bad name--if he wants to move--move. It is not the role of government to be blackmailed into the loan business.
Corruption? Go to Long Beach in the dictionary.
More...
If you are apolitically connected auto dealership in Long Beach, the city will loan you $600,000--at a time they are laying off cops, cutting library hours, cutting back on basic services.
No other evidence is needed--Long Beach is looking toward Chicago on how to be a corrupt city.
"The Long Beach City Council unanimously approved a $600,000 loan to a large local Ford dealership to keep the business from leaving town and taking its considerable sales tax revenue with it.
Money for the loan to Worthington Ford, which was approved late Tuesday, will come from a federally funded Community Development Block Grant and have a 5 percent annual interest rate. The money is slated to be used to update and expand the business.
Worthington Ford, is one of Long Beachs 10 largest sales tax revenue generators and employs roughly 120 people."
Cal Worthington is a Southern California institution since the 1940's. Still, using tax dollars to update and expand his shop--why not every other business in Long Beach to get the same deal?
Worthington is giving capitalism a bad name--if he wants to move--move. It is not the role of government to be blackmailed into the loan business.
Corruption? Go to Long Beach in the dictionary.
More...