What's This Crap?

[Craig]

Actually, Elio postponed the Louisiana showing because they needed to get the Elio to New York for the Fox & Friends interview. Instead of an afternoon at a hotel parking lot they will be rescheduling an entire weekend later in the summer.

 

[goofyone]

Apparently, Ms. Lynch misses no opportunity to slam EM:
http://www.shreveporttimes.com/comm...p-Boys-announced-Elio-Motors-service-provider

I would really like to know what is her motivation behind being against all this. She continues to say this is a huge waste and it is all Elio Motors fault yet she never acknowledges the fact that the GM plant lease is not held by Elio Motors but instead by IRG which specializes in developing or leasing these types of facilities. IRG is solely responsible for the lease payments regardless of what happens to Elio Motors.

 

[Farm Boy]

Maybe somebody ego got hurt or there palm didn't get greased or they have investments in a different auto maker??? Maybe, just say-en, maybe???

 

[Craig]

Keep in mind that GM and Chrysler have paid back those 'loans' and the US gov't has made millions on selling back stock options and saved many USA Auto Jobs in the process. Elio's agreement definitely would put auto workers back to work boosting the Shreveport economy by using shared Gov't and private funding. A win win. I hope the deal on the GM Plant is not in jeopardy.

If not mistaking, I think GM paid back Tarp monies with Tarp money they had received and put in escrow, before they got the bailout. They repaid the rest with stock, most of which the government sold at a loss and still own some. JMO

 

[Rayl]

To my way of thinking, the smart move by Elio was in buying the equipment to manufacture Elios. Another factory could be found elsewhere with an attitude of 'how can we help'. Just my opinion, but this could backfire on Ms Lynch and the city of Shreveport in a big way. ie, loss of property tax, jobs, etc. 'A bird in the hand....' Rayl

 

[Craig]

Jobeleca, yeah I was told the government shouldn't do jobs you can find somebody else to do out of the yellow pages. I want to do some more research as too why they stepped in.

You are correct, nothing in Article 1, Section 8 about jobs. In fact, 75% of the stuff the government does today is not mentioned in it. JMO

http://www.shmoop.com/constitution/article-1-section-8.html

 

[creekstone]

Where are the 'final docs on this deal'? If somebody finds them please post erl.

Caddo Parish (Industrial Development Board) lease to IRG (Stu Lichter, Shreveport Business Park):
http://www.shreveporttimes.com/assets/pdf/D9220998424.pdf

 

[goofyone]

Caddo Parish (Industrial Development Board) lease to IRG (Stu Lichter, Shreveport Business Park):
http://www.shreveporttimes.com/assets/pdf/D9220998424.pdf

More details here also here also:

http://www.caddo.org/index.aspx?NID=426

 

[goofyone]

It would appear the deal to lease part, or all, of the former GM plant to a Japanese manufacturer has now officially fallen through the cracks.

http://www.ktbs.com/story/25396153/...bs-meanwhile-toyota-plans-a-big-move-to-texas

Caddo Parish lost 4,000+ possible jobs, meanwhile Toyota plans a big move to Texas
Posted: Apr 30, 2014 7:18 PM EDTUpdated: Apr 30, 2014 7:18 PM EDT
By Craig Sims - bio | email

SHREVEPORT, La. -
Just as suburban Dallas got great news that Toyota is moving its North American headquarters there, we got the bad news here that 4,000 jobs will not move to Shreveport. An unknown company was negotiating quietly with the State of Louisiana about incentive deals for months. It promised 4,500 jobs. That's led to speculation about the company, including that it could've been Toyota. Local leaders stress it wasn't a car company.
"It was not Toyota," John Escude, a Caddo Commissioner who heads the economic development committee, said. "It was not an automobile manufacturer period."
Escude heads the economic development committee. He says the Japanese manufacturer that showed interest in Shreveport produces air conditioning units, but he and others refuse to reveal the company's name, which has led to local speculation over whom it could be.
"The last thing that we need is the next company that is interested in maybe locating here to get the impression that the people that are trying to get these projects put together cannot keep their confidentiality agreements," Escude said. ."So, I'm not going there."
Elio Motors still plans to rent manufacturing space at the GM plant. Escude says other tenants will now be allowed to enter discussions on locating there in May. He says the building is one of a kind and will attract more interest.
"You have to realize, there are lots of huge shuttered plans and buildings scattered throughout this country," Escude said. "They're over 100 years old. this is a relatively new, modern facility with lots of real estate."
Escude says the Japanese manufacturer that turned Shreveport down, isn't keeping the great economic opportunity away because of a problem with the city.
"They came to us. They said make an offer," Escude said. "It took our shot. At the end of the day, there was nothing wrong with our offer. They were perfectly happy with it. They just didn't feel as if the business could survive the transition."
Texas worked out a huge incentive deal to get Toyota, which included around $40 million.

 

[creekstone]

If not mistaking, I think GM paid back Tarp monies with Tarp money they had received and put in escrow, before they got the bailout. They repaid the rest with stock, most of which the government sold at a loss and still own some. JMO

GM really stuck it to us: http://www.usatoday.com/story/money/cars/2014/04/30/taxpayers-gm-bailout-losses/8522681/