Sunday, June 19, 2016

Finally, the Post addresses the Casino fiasco at the Lake Worth beach

Everything in The Palm Beach Post article that appears in today's (6/19) print edition ('B' section) is the Cliff Note version of what's been reported on this blog and The Lake Worth Herald. Nothing new. Look in the right-hand column for, "Casino debacle finally nearing an end?" or use this link.

The City Commission meeting referred to in the Post article occurred on June 7th, nearly two weeks ago. Also, it's sort of a letdown this assignment wasn't given to a business reporter like Alexandra Clough or Jeff Ostrowski to do a more thorough report with more background.

It was reported in the article the vote was a 3-1 (Commissioner Amoroso not present) to move the decision to October to file the lawsuits and Vice Mayor Scott Maxwell voted "No". To be clear, Maxwell didn't want to delay the decision any longer ergo his vote.

Anyhow, below are two excerpts from the article by beat reporter Kevin Thompson and note the words "demolish and repair the building". How is that possible?:

     A visibly upset Maxwell, the most vocal commissioner on the issue, called the situation laughable.
     “I just don’t get this,” he said. “This is a multi-million construction company and you can’t figure out how to keep water out of a building. It’s unacceptable.”
     Michael Olenik, Morganti’s vice president of corporate affairs and chief compliance officer, said the company is making the casino a top priority.

[and. . .]

     The project has put a strain on the city’s finances. [emphasis added] It borrowed $6 million from itself to demolish and repair the building, a loan the city said it has struggled to pay back. The city has also been unable to lease the upstairs space because of all the building’s structural problems.

This video below published to YouTube on June 8th is an eye-opener:
Then there's this one that needs no explanation:
An interesting comment was published at the end of the Post article. A reader of my blog?

"Tear it down and start all over. They'll spend more money trying to fix structural issues and engineering flaws along with legal fees for the lawsuit which will drive the contractor into bankruptcy and will produce no money. Better to start with a clean slate and get it engineered properly, then build a more aesthetically pleasing building."

Anyone remember Greater Bay?
'Architects' of the Casino fiasco. Interesting to note that Comm. Chris McVoy, PhD, was not mentioned in the Post article. But every other elected present at the meeting was.