Gilbert to widen 375 off-ramp

[Willi]

iheartthed - What you wrote above in post #21 is EXACTLY what The City of Detroit
is doing in regard to the entire DWSD fiasco.
The Detroit City Junk bonds are transformed into State Muni Bonds, in a money laundering scheme.

If a few financial guru's like Gilbert, Buffet, etc. and a few banks; agreed to buy the Bonds,
a roadway construction project for the city ""could"" be accomplished via State Bonds.

[iheartthed]

iheartthed - What you wrote above in post #21 is EXACTLY what The City of Detroit
is doing in regard to the entire DWSD fiasco.
The Detroit City Junk bonds are transformed into State Muni Bonds, in a money laundering scheme.

If a few financial guru's like Gilbert, Buffet, etc. and a few banks; agreed to buy the Bonds,
a roadway construction project for the city ""could"" be accomplished via State Bonds.

My point is that most [[all?) road construction in Detroit is already paid for via state bonds, and has been for a long time. The city of Detroit does not maintain the major road arteries.

[Gistok]

iheartthed - What you wrote above in post #21 is EXACTLY what The City of Detroit
is doing in regard to the entire DWSD fiasco.
The Detroit City Junk bonds are transformed into State Muni Bonds, in a money laundering scheme.

If a few financial guru's like Gilbert, Buffet, etc. and a few banks; agreed to buy the Bonds,
a roadway construction project

WHOA.... money laundering scheme?

Here's a snippet from what the Michigan Municipal Bonding Authority's mission is all about...

Michigan Municipal Bond Authority’s Local Government Loan Program

"The Michigan Department of Treasury’s Michigan Municipal Bond Authority [[MMBA) offers a variety of financing programs to Michigan municipalities. All Michigan local governmental units and public entities are generally eligible to participate in the MMBA’s Local Government Loan Program to finance a variety of capital expenditures including the purchase of equipment, school buses, fire trucks, real property, energy conservation improvements, and infrastructure needs, and to refinance existing debt. The Program provides competitive interest rates for 3 to 30 year loans.

Participation in the Program could result in cost savings for your township, city or other local governmental unit, compared to other financing alternatives. The Program does not require an application fee and interest rates for Local Government Loan Program financings vary depending on the loan type and the loan period. Under the Program, borrowers may pledge state aid as security for the loans and also have the option of using their own investment credit or bond insurance, if available."


I don't know where you get that this is a money laundering scheme...

http://www.michigan.gov/treasury/0,4...5605--,00.html