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
Quote from: walkstall on June 19, 2017, 08:07:05 PM
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.
Quote from: supsalemgr on June 20, 2017, 04:17:16 AM
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.