Wednesday, December 11, 2013

Victorville's SEC Problem

The article offers some interesting ramblings but suggests another hangman's noose can be retired.
VV officials answer, deny SEC complaint | officials, sec, angeles - High Desert News.
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The ongoing problems with local corruption ignore even more obvious facts.
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If the water is polluted under the base, what was the land ever worth.
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Victorville knew full well what the land wasn't worth.
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Keep in mind, VVEDA (Victorville Economic Development Authority, an alter ego of the City of Victorville) pushed the Air Force to deed over the air force base and Victorville's/VVEDA's litigation against Adelanto forced the water rights to be surrendered to VVEDA.
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There is all sorts of waste underground (disclosed in the early 1990s by the Air Force and EPA oversight through the Technical Review Process), which is being ignored or under treated and given the old saying that "desert without potable water is worthless sand", it was worthless [except to the bottler that used some of the water for softdrinks (yuk) and a power company for their cooling towers].
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So what was it that Victorville was selling at the former air force base? The value of the crust was also impacted by the "boneyard" characteristic of the land use [it was a place to park busted a** airplanes for salvage operations and some limited repair work].
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Oh yeah, lets not forget the wind turbine farm fiasco.
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The corruption goes back a long way with Victorville. The housing was usable for low income families, but because it would increase the inventory of low income housing, the houses were allowed to crumble, so rents could be higher for the local landlord class [in Orange County, federal buildings were turned over to homeless and low income projects].
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The hospital had been prior to base closure upgraded and had a state-of-the-art burn unit facility--it was stripped down and abandoned--perhaps because it would be bad for the local hospitals' revenues?
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The modernized pistol range was torn down, which could have been contracted out to anyone of several local gun enthusiast organizations for profit.
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The City's council races (the council oversaw the VVEDA operations) had contributions from every developer in the region.
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A problem is that everyone who is a defendant in the case (I submit the people running the whole show are not in the case as they maybe should be?) drank the same Koolaide and likely believed their yarn about the values set out in promotional documents (which could make selling intent as an element of the federal crimes, tough). I also sense that the length of time has allowed a lot to escape scrutiny, so don't be surprised when some deal is cut so the SEC does not embarrass itself with a poorly prepared case. Heh, this is the San Bernardino High Desert--the only place a Charter School can fleece kids of a hundred million and no one has been convicted, the County could be fleeced a hundred million and no one has yet to spending time for the crime(s) and now it seems certain investors will be similarly screwed. That's what happen when you have the wrong people in leadership!!

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