The Peoria County Board voted yesterday to secure half of the $6 million loan Firefly Energy (co-owned by Caterpillar) needs to expand. The City of Peoria secured the other half (and since the city comprised half the county population) city residents are essentially funding three quarters of the project). The bank giving them...
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Posts Tagged ‘ Caterpillar ’
It’s official: Taxpayers are now on the hook for risky $6 million loan
Museum will be bigger, smaller at the same time
In today’s Journal Star, reporters Jennifer Davis and Teri Bibo tried to pin down rumors that the “Amazasploraportaseum on the Square” will have to be downsized because nobody in their right mind wants to donate money to this colossal boondoggle.
What the reporters got was an endless parade of denial and double talk, all of...
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More pearls of wisdom from Steve Van Winkle
Remember this Sports Pundit comment: “Peoria is home to the largest manufacturer of Earth-moving equipment in the world. Yet we can’t get our streets plowed in a decent amount of time.”
Well, it turns out that Caterpillar would have been perfectly happy and willing to help Peoria get plowed out of the mess. For free....
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So much for Caterpillar prowess
From my inbox:
Just found your site been laughing ever since. Just a response to your statement about Caterpillar equipment to clear the streets. Caterpillar also failed in its snow removal plans, just ask all Mapleton plant employees.
So the Great Yellow God takes a backseat to Mother Nature, huh?
Say it ain’t so.
Caterpillar,Peoria
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A better understanding of the marketplace
Caterpillar chairman Jim Owens spoke at a Rotary Club meeting on Friday, and urged the public to give more money to the Museum Square project.
So far, just $22 million of the $65 they need has been raised. Cat’s coughed up $11 million of that. The project also includes a visitor center for Caterpillar, but...
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Phil Luciano isn’t long for the Journal Star
There’s no way in Hell the powers-that-be will allow Phil Luciano to continue working for Peoria’s one and only daily newspaper after the spot-on slap-down he delivered today about the $65 million Museum Square project:
Think of it this way: Peoria is about the same size as Allentown, Pa.; Evansville, Ind.; and Waterbury, Conn. Would...
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The ghost of Rachel Corrie hates Cat’s record quarterly profits
The lucious SondraK used this image to illustrate her take on Caterpillar’s record quarterly profits. The Photoshopped image shows terrorist-loving, American flag burning useful idiot Rachel Corrie getting scopped up.
My only question is this: Is that real Caterpillar machinery? I know Big Yellow makes a lot of stuff, but that shade of yellow seems...
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TIFs for Dummies
Here’s three more very relevant paragraphs from the Reason magazine article about the futility of tax increment financing districts:
Local officials usually do not consider how much growth might occur without a TIF. In 2002 the Neighborhood Capital Budget Group (NCBG), a coalition of 200 Chicago organizations that studies local public investment, looked at 36...
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Sorry, Peoria City Council, but TIFs do divert money from essential services
I had the good fortune to be able to attend part of last night’s meeting of the Peoria City Council. Unfortunately, I felt ill soon after they started talking about the Museum Square project and I left. I was able to listen to most of the discussion on my car radio.
And boy! Were my...
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It’s official: Museum Square wants to be a permanent leech on the butt of Peoria taxpayers
I was under the impression that one of the reasons local governments coughed up taxpayer cash for cultural projects like museums was that these structures would, in turn, generate more tax revenue through increased tourism. Caterpillar wants the city turn over any increase in tax revenue from its new visitor center to the proposed...
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I owe Mayor Ardis an apology
Several times this month, I’ve questioned the independence and bravery of the Peoria City Council, specifically Mayor Jim Ardis, on the issue of building a hotel that would be attached to the Peoria Civic Center. It turns out that some of the facts on which I came to this conclusion were probably in error.
Several...
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Lots of folks will have their hands out seeking city cash at the next council meeting
I’m going over the agenda for the next Peoria City Council meeting
At first glance, it seems like there might be several “big stories” here. The first would be a presentation from Caterpillar and Lakeview Museum on the Museum Square, followed by a request from the city manager to approve an amendment to the existing...
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The return of Dave Ransburg
There was a huge outcry when when reports first surfaced that the Peoria Civic Center authority was hot and heavy to begin negotiating with one developer to build a hotel next door to the facility.
The impression given was that taxpayers had nothing to worry about. The mood of the council was decidedly against such...
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Selling the sizzle at ‘Museum Square’
What troubles me the most about today’s Journal Star article about the escalating costs of the Museum Square project is that not one member of the Peoria City Council went on record as saying he or she opposes any increase in the city’s contribution toward the project. Not even Gary Sandberg.
Only Peoria City City...
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Museum Square should be redesigned to be more affordable
Several months ago, City Council member Gary Sandberg questioned the design of underground parking envisioned for the Museum Square project. He was worried about the cost of making it structurally sound.
Guess what? He was right. It’s going to cost an additional $2.5 million to $3 million:
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Terrorists sure know who their friends are, don’t they?
Remember Rachel Corrie? She’s the terrorist sympathizer who deliberately got in the way of Israeli bulldozers that were dismantling tunnels being used to smuggle people and weapons in and out of the Gaza strip. Well her parents — who sued Caterpillar for making the D-9 dozer that flattended their daughter, met up withher daughters’...
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It’s all about Caterpillar
I challenge anyone to read this article and not come to the conclusion I reached a looooong time ago: The whole Sears Block/History of Peoria museum concept has completely mutated into a “Kiss Caterpillar’s Ass” event.
The Great Yellow God demands tribute.
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Are anti-Caterpillar Presbyterians also anti-semetic?
The Associated Press is reporting that Caterpillar Inc. is among five companies accused by the Presbyterian Church grup of contributing to the “ongoing violence that plagues Israel and Palestine.”
The group plans to use the church’s multimillion-dollar stock holdings in the businesses to pressure them to stop.
What did Caterpillar do to raise the ire...
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Morning eye opener
The Journal Star’s Doug Haney provides good coverage of the human bones found at Keystone. He mentions the possibility they are those of Bonnie Fife, which is someone left off my list.
I guess they are really serious about getting the Upgrade 74 project done on time. A worker fell 70 feet from the...
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