tag:blogger.com,1999:blog-22040291.post8905483532533951111..comments2024-01-09T17:38:35.707-05:00Comments on This Old State: Battle of the Yadkin: Word skirmishesUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-22040291.post-43889357808554401552009-05-07T18:51:00.000-04:002009-05-07T18:51:00.000-04:00Answer to the third responder to my post
1) ALCOA ...Answer to the third responder to my post<br />1) ALCOA shareholders own the dams and the land benaeth the water. ALCOA has agreed to pay for any water issues they are resonsible for. However, the Yadkin lakes are downstream from the watershed. THis means that if a polluter in Asheboro, New London or Lexington dumps PCBs from his transformer recycling business into a storm sewer, PCBs will be found in the Yadkin Lakes, PeeDee River etc just like human fecal matter and associated bacteria dumped into Long Creek by the city of Albemarle has ended up down-stream. The pollution angle is a ploy to get folks stirred up.<br />2)ALCOA's market capitalization today at market close was $9.6 Billion dollars. Don't think your contention holds water my friend. Again, that is ploy used to stir up low information folks and divert them from more lokely and real issues.<br />3) Yes, tax breaks are used to attract industries. also infrastructure improvements are also employed. When governments employ these measures, they expect a return in jobs and resultant tax revenues. However, these industries also expect that they can run their businesses without governmental interference in crucial decisions like resource allocation. ALCOA has been a legacy employer in Stanly County for more than 50 years with huge investments in their facilities, often the highest industrial wages in the area and represent one of the largest taxpayers in the region. The treatment of ALCOA by Stanly County leaders such as Tony Dennis, Lindasy Dunevant and Roger Dick will of couse be factored into any re-location decision by any prospective employer.<br />4) The project acquisition cost is to paid by revenue bonds. These have to paid off with interest. (It's a mortgage backed by state and local governments.) If the project is acquired by eminent domain at fair market value at $100M and the re-furbishing the plant costs $200M and the gross income is $20 M/year the project will not break even at current rates, Think of this being a sub prime mortgage on the biggest double wide trailer in the state on a salary from Sonic or Wal Mart.The idea that the dams and 38,000 acres of land can be had for $24M is delusional but needs to be believed by the low information folk because that is the only way the numbers show a benefit.<br />To deal with corruptly managed state and county run enterprises, remember, Mike Easley's cars, Mrs Esaley's job, Tyler Hansbrough mom's job, drivers' licenses for undocumented aliens at the Stanly County DMV, misapropriation of funds at North Stanly High School and floating fecal matter in Long Creek courtesy of the Albemarle sewer plant.<br />5) This enterprise you guys are entering will cost you money for years.<br />You low information folks are being manipulated by your county commissioners. ALCOA jobs will never return. The hyroelectric capacity of the system of dams was inadequate and the infrastructure is antiquated. No business plan that is legal and fair demonstrates that taking over the dams is beneficial for anyone except the public relations hacks hired by Dennis, Dunevant and Dick to pull the wool over your eyes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22040291.post-45222601771483591552009-05-05T13:20:00.000-04:002009-05-05T13:20:00.000-04:00It is not confiscating private property. The lease...It is not confiscating private property. The lease on the water rights is up for a 50 year renewel. Since the current tennant provides no local economic benefit (JOBS), then we, the citizens of North Carolina should deny their request. The water is our right. In response to Anonymous:<br /><br />1) True to the extent we take over the Yadkin dams. However, is Aloca prepared to pay the cost of cleaning up the massive amounts of pollution to Badin lake? Is this was is meant by enhancing shareholder assets. Seems to me, it is no different than slash and burn in the forests.<br />2) Shareholder assets??? Aloca is being destroyed in the public market and has been rumored to be bought or have an equity stake from a foreign company. I wouldn't want a foreign company to control our resources.<br />3) Wrong - To get employers you just need to offer incentives....primarily tax breaks...do your homework. And besides, this is not just a Stanly County issue, it is a State of North Carolina issue<br />4) Your opinion<br />5) Your opinion<br /><br />How much is alcoa paying you or do you have invested with alcoa kickbacks which you stand to lose.<br /><br />The state is doing the right thing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22040291.post-61983379999429096642009-05-05T01:32:00.000-04:002009-05-05T01:32:00.000-04:00Thank you for your comment, Alcoa shill. Will the ...Thank you for your comment, Alcoa shill. Will the real citizens of Stanly stand up?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22040291.post-48759013244731619412009-05-04T09:21:00.000-04:002009-05-04T09:21:00.000-04:00Stanly County leaders and State of North Carolina ...Stanly County leaders and State of North Carolina leaders are moving forward to<br />1)Confiscate private property<br />2)Destroy shareholders assets<br />3)Poison any likelihood for any potential employer to locate any facility in Stanly County <br />4)Establish a financially unsustainable, hideously expensive power authority that will be ineptly and corruptly operated for the next 50 years.<br />5)Establish a huge finacial obligation that the citizens of Stanly County and the State of North Carolina will be paying for dururing their lifetimes and those of their children.<br />The actions of Tony Dennis, Lindsey Dunevant, Roger Dick of Stanly County and Ms Perdue and Mr Crisco are PRECISELY THE WRONG THING TO DO AT THIS TIME TO HELP the people of Stanly County have the jobs they need.Anonymousnoreply@blogger.com