Getting Back to the Kestrel Line of this story.
There was a story with an active comment discussion on the Portland Press Herald today at the link below but you will not find it there now, although last I checked on Google it is listed and dated 13 hours ago.
Currently the latest Kestrel story at The Portland Press Herald is dated January 14th.
I commented on the disappeared page and was not the only one questioning our government's activities in venture capitalism. The first comments opined that there is something about this story that really stinks- to which I responded that what stinks is the charter of the MRRA. I mentioned the government regulation I had come across that stated that local government disqualifies a project for federal funds and the disappearance of that link from my blog post and the internet. Now the whole conversation in which I made this statement has also disappeared from the internet.
Another poster told his story of trying to get space last summer at the MRRA to store some goods but he was refused even though there were many empty warehouses.He commented that he wasn't in the right sector to be allowed in. This can only happen when the tax payer is almost entirely funding the whole corporation, allowing the managers to pick and choose who gets in even as spaces sit empty. If the business development had to pay its own way, it could not be so choosy and whatever evolves there would be quite different than the government designed city state that the government owned MRRA has planned.
However I recently read that Goodwill Industries will be located in the MRRA complex- not exactly "targeted sector' material!- And in recent months I also heard that the state finally agreed to sell the land that privately owned houses at the MRRA sit on to that same private owner. Something seems to have changed,
The Portland Press Herald Story reported that Kestrel had lost the New Markets Tax Credit that had been approved by CEI earlier this year but did not report that the MRRA had also tried to get funds through a federal program that sells green cards and permament residencies to immigrants who will invest half a million dollars in businesses in the United States that create at least 10 jobs
This attempt to get federal funding appears to have fallen through as well.
Meanwhile the tax payers have to keep on funding the salaries and pension plans for those employed at the MRRA and charged with developing new business.
And I keep looking for that federal regulation that I once had posted on my blog. I start to wonder if I read it rightly but since it is no longer there I cannot confirm that one way or the other and so the mystery lingers on.