BEND OVER MIAMI

A CRESPO-GRAM EXCLUSIVE
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DOING BUSINESS THE CARLISLE WAY

PART II

The SEOPW CRA has rescheduled their a meeting to take place on July 25th to finalize the “settlement agreements” that I wrote about in the first part of this series: SEOPW CRA POISED TO GIVE AWAY $30 - $46 MILLION AND 6 CITY BLOCKS IN THE NASTIEST DEAL YET.


The original meeting on July 11th, was cancelled according to the CRA because the friday before the meeting, “the County raised a number of questions that require(d) additional revision to the County Settlement Agreement.”


While the CRA and the County might have resolved their questions, we still have some of our own.


QUESTION NUMBER 1


Where’s the revised copy of the “settlement agreement” that includes the new revisions?


QUESTION NUMBER 2


What’s with the departure of Oscar Sol, Chief Operating Officer (COO), and Mitch Rosenstein, Chief Financial Officer (CFO), of the Carlisle Group in the last month?


You know that when the Number 2 and 3 guys at the company bail out the door at the same time there’s something funny going on, and given the Carlisle Group’s history of legal troubles, chances are that these departures, and the other legal problems that Carlisle has faced might mean that Matthew Greer is a problem CEO, which raises questions about giving this guy 6 city blocks and $30-$46 million tax dollars to play with.


QUESTION NUMBER 3


In the previous proposed settlement agreement, it allowed for the developer to build out the 300,000s/f of retail space first, thereby allowing them to use the $30-46 million they receive from the CRA as part of this settlement deal to cover these construction costs.


This means that they will be using grant money to finance their retail development, which will allow them to start collecting rents from these properties  paying little or no debt service on that money. 


This is got to be seen as a grossly unfair business advantage by the downtown core business owners, given the proximity of this new retail space to the downtown core, and the continuing problems that these business owners currently face trying to revitalize the downtown core.


QUESTION NUMBER 4


How many foreclosures, lawsuits and judgments does it take before you get disqualified from feeding at the public trough?


In recent years, The Carlisle Group have acquired two distinctions in the affordable housing market in South Florida. First, they’ve come to come to dominate the market, and secondly, they’ve racked up a long list of .



Carlisle has been awarded every RFP they’ve competed for in Miami-Dade County Commissioner Audrey Edmonson’s district

JULY 25, 2011


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