February 11, 2009 2:22 PM
- Text
More Of The Same
(Political Animal)
More Of The Same
From the WSJ:
From Politico:
A lot of that was for the sports center. If the WSJ's figures are correct, the increased sales price, interest owed, and legal fees come to a cool $1.3 million in needless expenditure. And the lawsuits aren't over yet.
Coming on the heels of the most fiscally irresponsible administration in a generation, this doesn't sound like change we can believe in.
From the WSJ:
"The biggest project that Sarah Palin undertook as mayor of this small town was an indoor sports complex, where locals played hockey, soccer, and basketball, especially during the long, dark Alaskan winters.
The only catch was that the city began building roads and installing utilities for the project before it had unchallenged title to the land. The misstep led to years of litigation and at least $1.3 million in extra costs for a small municipality with a small budget. What was to be Ms. Palin's legacy has turned into a financial mess that continues to plague Wasilla.
"It's too bad that the city of Wasilla didn't do their homework and secure the land before they began construction," said Kathy Wells, a longtime activist here. "She was not your ceremonial mayor; she was in charge of running the city. So it was her job to make sure things were done correctly." (...)
Last year, the arbitrator ordered the city to pay $836,378 for the 80-acre parcel, far more than the $126,000 Wasilla originally thought it would pay for a piece of land 65 acres larger. The arbitrator also determined that the city owed Mr. Lundgren [the owner] $336,000 in interest. Wasilla's legal bill since the eminent domain action has come to roughly $250,000 so far, according to Mr. Klinkner, the city attorney.
Mr. Lundgren has appealed the decision, arguing that the arbitrator should have awarded him more interest. "It has been 10 years; it's just insane," said Mr. Lundgren, who now lives in Panama. "All [Ms. Palin] had to do was close the transaction.""
From Politico:
"Palin, who portrays herself as a fiscal conservative, racked up nearly $20 million in long-term debt as mayor of the tiny town of Wasilla â?" that amounts to $3,000 per resident. She argues that the debt was needed to fund improvements.""'
A lot of that was for the sports center. If the WSJ's figures are correct, the increased sales price, interest owed, and legal fees come to a cool $1.3 million in needless expenditure. And the lawsuits aren't over yet.
Coming on the heels of the most fiscally irresponsible administration in a generation, this doesn't sound like change we can believe in.
Popular Now in Politics
- Obama campaign launches "truth team"
- Santorum leads in Romney's home turf of Michigan
- Sarah Palin revs up CPAC faithful
- Mitt Romney wins Maine GOP caucuses
- CPAC: Will Sarah Palin spring a surprise?
- Ann Coulter riles up the CPAC crowd
- Mitt Romney wins CPAC straw poll
- Romney takes on hecklers at Maine town hall
- Santorum infers straw poll-rigging at CPAC
- Immigration speaker sparks controversy at CPAC
- Battle over contraception rule wages on
- What Does 'GOP' Stand For?
- Gov. Jindal prepping for national stage
- Romney on Obama: I will "knock him on his heels"
- Health Care Bill: What's In It?
- Rick Santorum: No longer such a long shot
- CPAC: Anti-Obama beats pro-Romney
Latest CBS News Headlines
on Facebook
on CBS News
- N.D. education board sues to keep Fighting Sioux
- 17 to hospital after Calif. hotel chemical spill
- Summary Box: Empire State Building owner plans IPO
- Houston's body taken to airport for trip to NJ
on Facebook
- Whitney Houston 1963-2012
- Diane Aulger induces labor weeks early to let dying husband Mark hold baby
- 2012 Grammys: Red-carpet arrivals
on CBS News






