Monday, April 02, 2007

Sunken Cash Redux v1.0

BAD DOG has graciously taken the time to spell out the mystery of the sunken cash at the Municipal Yacht Harbor Corp. It appears I only had a fraction of the story right as BAD DOG explains (rather well I might add) there was money missing from the MYHC even before the storm. One interesting aspect which isn't mentioned in this explanation is that our old buddy Greg Meffert is reportedly trying to get named as chairman of the board of the MYHC.

BAD DOG said...
Ok the down and dirty of it is...the harbor is a Federally set up enterprise zone of some sort...by law it is supposed to be sort of a non profit where the rents stay low and the money paid in is supposed to stay ONLY in the harbor itself...not city or state funds to be used for other things like help run the city or pay for favors or go on trips or line your pockets with or.....get the idea...well the last harbor master (if i am not mistaken a Marky Mark morial appointee) pretty much didn't do regular maintenance and didn't even repair stuff...mean while the money from rents was being paid into the harbor account...then the city stepped in and POOF...no money here no money there and they still have not seen fit to come up with where the hell the money went...there are two numbers I remember floating around...one is 1.2 million and the other is 1.8 million...No where's to be found. Now I hear (through y'all) 500K went back to the harbor fund....

Now understand, I know some of the people and some of the new people are really concerned citizens wanting to help then there is the board chairman ...a real winner of a guy ...just do what he say don't ask questions if you do he comes down on you like the wrath of god...don’t be scheduling meetings to get crap accomplished...just maintain the status quo...nothing...Lip service and nothing much else...hey it's only been close to two years and the only boats moved out of there where the ones salvagers and insurance thought they could make money on...it took myself and few dumb individuals to get the through ways cleared of sunken boats by diving on them and towing them out of the way of traffic...I do understand Madura may be pushing the pile to get things straight then again I may be wrong....

But the just of the whole thing is it seems what you thought was corrupt money movement may have been the city actually putting it back where it belongs....Or another of my assumptions is they finally figured out how to siphon it off from the harbor account. All I know is the sitting chairman sucks…not doing didly...I probably won’t hit another meeting because the last time he brought his kid …the kid played with the PA system was throwing an empty can around and pretty much did anything he wanted …real good way to have a child act in a city meeting…..then again consider the parent.…

Hey could someone give me a million or so to hold for a few years and I promise when the public catches on I will give it back...well some of it...take a million put it in a money market for a year getting 4.5% and you make 45K a year...wonder where the interest on the money went... ????

Some of this is fact ...the missing money...the state of the harbor before and after the storm. The rest is my assumptions...

BAD DOG


This explanation backs up rumors I had heard before the storm that rental money for the boat slips was being pocketed by individuals running the harbor. I had no idea the number could be as high as 1.2 to 1.8 million.

While BAD DOG does not "directly" implicate a specific person in this post, he mentions the current chairman of the board...that person is Lynn Cawthorne. He is also the one who was reportedly trying to get Meffert on to replace him as Chairman.

And once again we have word that Midura is actively pursuing this issue. That's encouraging, no?

1 comment:

mominem said...

An audit might be in order?

Perhaps if there is a federal mandate and the shenanigans predate the current regime, the Feds may be interested, they are afte Mark and his krewe.