Wednesday, July 13, 2005
Economic Development in Newton
stops track spending for now Newton
NEWTON, Iowa has put the brakes on 16 (m) million dollars in new roads and financing for the Iowa Speedway for now. Newton
That's until the group building the 70 (m) million dollar track proves it has the money to complete the project. link
This whole thing is a big durst. This government financed money pit is just that, and nothing more.
The slicksters promising delivery on this project are known in racing circles to be selling a load of bullshit to the good citizens of
You can thank Chaz Allen (the guy in the middle of the pic). He's the Mayor of Newton and a lobbyist with the telecom industry. He's not a bad guy, just worked the system and is buddy buddy enough with Clarence Hoffman – the Iowa Democrats’ Zell on economic development issues. So in that good old boy back slapping fashion, Clarence went to bat for him to pull down this deal. Sweet.
My hope for the future: every town with some two bit slicksters selling some ridiculous tourist trap hires some over priced lobby type and comes crawling to the trough next legislative session.