The Same People Who . . .

Brynn Grimley wrote a story about a loan a company can get if the county will be the second guarantor. This is one of those stories in which no matter what the commissioners do, someone will complain. Is this a “The same people who . . .” story?

By that I mean are the same people who are complaining about the county’s reluctance the ones critical of the county for loaning the money for the Harborside Condominiums, or redoing the loan on the condos? If you recall, in redoing the loan and agreeing to taking on first position, county commissioners did it because not doing it could have placed the county in a worse position, having to pay off millions without being able to sell units. Commissioners also said it was probably a mistake to guarantee the loan in the first place, but the three commissioners who did that are all now in different political positions.

I suspect this is a “The same people who . . . ” story because there is someone asking why the county wouldn’t guarantee this loan when they would the other one.

There is no way for the county to act without generating criticism. If the county agrees to back the loan, it risks forfeiting future Community Development Block Grant funds that are relied upon by local agencies. If the county declines to back the loan, though, it risks losing potential Kitsap jobs. For those who are full-time critics on the Internet, this story is a dream come true.

One thought on “The Same People Who . . .

  1. State legislators need to repeal RCW 35.82.070 (12) allowing housing authorities to carry out community renewal projects such as the Bremerton condominiums AND RCW 35.83.050 authorizing counties to lend or donate money to housing authorities AND RCW 35.81.130 allowing the County to lend money to a municipality or other public body for community renewal projects. Housing authorities are formed to provide low income housing NOT community renewal which should be left to municipalities in joint ventures with private developers…because developers are less likely to make unsound financial decisions than bureaucrats who have a completely different agenda – like it’s o.k. for the taxpayers of Kitsap County to pay for this fiasco!!!

Leave a Reply

Your email address will not be published. Required fields are marked *

Before you post, please complete the prompt below.

Please enter the word MILK here: