Author Topic: Portland to foot SoloPower's bill after company defaults on $10 million loan  (Read 290 times)

Offline walkstall

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HOW dumb can they get!!??

snip~
 company once pursued for its promise of green jobs will cost the City of Portland $5 million after defaulting on a $10 million state loan.

Portland paid millions to lure SoloPower Systems to the city but will now have to pay much of the $8.1 million left on a state loan the company failed to pay. The Portland Business Journal reported Wednesday that the company defaulted on a $10 million loan from the Oregon Department of Energy. It stopped making payments in September. Portland made two payments of $119,000 toward the loan in April and May, said Oregon Department of Energy spokeswoman Rachel Wray.


more @
http://www.oregonlive.com/portland/index.ssf/2017/06/portland_to_foot_solopowers_bi.html
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Online supsalemgr

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HOW dumb can they get!!??

snip~
 company once pursued for its promise of green jobs will cost the City of Portland $5 million after defaulting on a $10 million state loan.

Portland paid millions to lure SoloPower Systems to the city but will now have to pay much of the $8.1 million left on a state loan the company failed to pay. The Portland Business Journal reported Wednesday that the company defaulted on a $10 million loan from the Oregon Department of Energy. It stopped making payments in September. Portland made two payments of $119,000 toward the loan in April and May, said Oregon Department of Energy spokeswoman Rachel Wray.


more @
http://www.oregonlive.com/portland/index.ssf/2017/06/portland_to_foot_solopowers_bi.html

The sad part is that probably a majority of Portland citizens agree with this move by the city. If it fails, throw money at it. It is the liberal way.
"If you can't run with the big dawgs, stay on the porch!"

Online Solar

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The sad part is that probably a majority of Portland citizens agree with this move by the city. If it fails, throw money at it. It is the liberal way.


I was thinking, here's a chance to purge leftists from Portland politics, but you're probably right, the people aren't smart enough to realize the city council is just a bunch of Marxist morons with a big city checkbook just waiting to pay for the next leftist fad to come along.
Koolaid is for kids, TEA is for adults

 

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