This is a major scandal. It’s old news by now, but back in 2007 when the city council agreed to transfer $55 million to Thomas Enterprises to help the company buy the rest of the railyard land, it apparently overpaid by several orders of magnitude because it didn’t take the time to get an appraisal done. Most of the money came from the transportation fund and thus couldn’t be used to get us out of the $50 million hole we’re in — though how it was able to be transferred to a real estate developer in that case is beyond me.
This whole mess stunk before, but this is an outrage. The Sac Rag does not do political endorsements, but let’s just say I personally hope the city council’s unemployment rate soon becomes 100%.