EB-5 Funding – Rocky Mount’s option for funding the event center

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Rocky Mount’s option for funding the “proposed” event center.
What happens when you sell US citizenship for $500,000? The dark, disturbing world of EB-5 visas: http://bit.ly/1uirMtd

Author Heywood Sanders of Convention Center Follies speaks at the John Locke Foundation Shaftesbury Society luncheon

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Author Heywood Sanders of Convention Center Follies speaks at the John Locke Foundation Shaftesbury Society luncheon September 29, 2014.  He has extensively studied projections by consultants that typically recommend the construction of convention centers.

This is a must see by all Rocky Mount Citizens, City Council, Mayor and City Manager.  This features Raleigh, Charlotte and Wilmington.  Please click on the picture of the book below to link to his talk. http://jlf.streamhammer.com/speakers/heywoodsanders092914.mp4

 

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Update from the Community Council

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This year The Community Council has been working and researching various topics which impact our community.You can review details by visiting our website or Facebook page .  While we placed several ads in The Rocky Mount Telegram and encourage everyone to purchase the paper to keep abreast of local issues, we want to give you a quick synopsis on what we believe are a few of the biggest ...

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Bond referendum in Hickory, NC

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It appears Hickory, NC is in a similar position to Rocky Mount, NC.  Both municipalities say they are looking to spend $40 million. Rocky Mount’s City Council has all but said it will approve the “proposed” Event Center while Hickory is asking citizen input via a bond referendum vote in November.  Is one way better than the other?

Thanks to the September issue of Business North Carolina magazine for bringing this ...

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How Rocky Mount stacks up to other North Carolina Municipalities

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Over the past few months the Rocky Mount City Manager and Council have made some bold proposals that impact our community.  They have proposed building an event center that will cost citizens over $60 million to build and finance while the ten year projected operating loss is $4.3 million.  Most recently they have proposed a 3% to 9% pay raise ...

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How much more can we handle?

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According to the Rocky Mount Telegram we will likely see a 7% increase in our electric and gas bills while sewer charges will increase by 5%.  The City of Rocky Mount is piling on the fees and increases to citizens instead of cutting the budget by the $2.3 ...

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Is it Possible to Make the “Proposed” Event Center Profitable?

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It comes to no surprise that the Rocky Mount City Council votes to proceed with securing funds (including, but not limited to EB-5 and New Market Tax Credits) for funding of the “proposed” event center.

Surprising to the public was a motion by Councilman Tom Rogers, supported by the entire City Council, for a plan to exceed study projections and suggested the “proposed” event center must operate with profit.

The motion made by Rogers:

Initiating the NMTCs and EB-5 application process is the natural, next ...

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What’s up with New Market Tax Credits (NMTC)?

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Has the government cut the New Market Tax Credits by $5 billion?  Is this still a viable option to fund the “proposed” event center?

http://www.cdfifund.gov/news_events/CDFI-2014-07-CDFI_Fund_Amends_2013_2014_NOAA_for_the_NMTC_Program.asp

http://www.dailyprogress.com/newsvirginian/news/local/construction-halted-on-wayne-theatre/article_10e185d0-cce2-11e3-8c88-001a4bcf6878.html

http://www.newsleader.com/article/20140429/NEWS01/304290028/Wayne-Theater-renovations-halted

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Quid pro quo? – Audio of Rocky Mount City Council Meeting – April 28, 2014

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This audio provides great insight into the mindset of the Rocky Mount City Council.  Please take the time to listen to this audio.  Listed below are topic areas mentioned in the Rocky Mount City Council Meeting – April 28, 2014.

01:35 – Public comment

11:35 – Councilman Blackwell begins his comments

20:00 – Councilman Blackwell comments on Holding and Goodman investment

20:40 – Motion by Councilman Blackwell to instruct City Manager to spend pre-development funds for securing ...

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Proposed Nash County $25 Solid Waste Fee Nixed Saving Citizens $500,000

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Nash County Commissioners dropped plans to increase and propose new fees for solid waste as reported in the Rocky Mount Telegram on May 10, 2014.  The Community Council researched and presented to Nash County Commissioners concerns with this proposed fee.  Not sure if we impacted the decision of the Commissioners but we like ...

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