That fund is now 15%, so the city is now in a position if memory serves me, to have about 90 days of funding in the event they lost a company here, there, to keep some degree of short term stabilization. The State deal looks to me to be a "huge" roll of the dice. They would be better served in my humble opinion, to visit the river gambling boats, than roll cash on this project. Add in State, an the other "investment" properties owned, and the City of Middletown has an interesting "portfolio" of investments, none which yield much if any return. At best, some may contribute to debt service.

 

Get out of investment, let hdege fund managers handle that, provide security, infrastructure support, pick up trash once a week. and turn the water on for the shower head. Better to take $1,000,000 and buy Berkshire Hathaway and own 20 shares Buffet manages, than property depreciating in valuation awaiting the wrecking ball or the warm heat of 5,000 Cincinnati State students holding their annual reunion at The Manchester dancing the night away.

 

Lesson 101----know what you do well, the 'signature forte, stay out of "what you don't know and don't do well."  That would be exemplifed by the Commons, the City Mart---the rrof that was on, that was off, the bike path, the reviatlization of downtown, the Atrium deal, ....   

 

 

 

You have put your finger on the very problem we have now in our city government; instead of doing the business of government, the government is trying to BE a business. The problem there is; THEY ARE TERRIBLE AT IT!!! I thought that MMF was supposed to be the non-profit corporation that dealt with the "business" of economic development. I still don't have a clue as to what they are doing and why we aren't hearing about it. GET BACK TO BASICS!!! Protection of the citizens and their property, infrastructure repair and improvement, legislation to improve the business climate. Instead, we have a government willing to throw tax dollars at every wink and promise while business leaves and this city becomes one large cesspool!!! Get it together elected officials or get your promotion and come back to being ordinary citizens!!!