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Home > story comments > Archives > 2008 > October > 07 > Entry

MCC’s abandoned eminent domain bid costs it nearly a half million dollars

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By Black Jesus

October 7, 2008 9:58 AM | Link to this

HELLO

These IDIOTS at MCC are wasting our TAX DOLLARS!

They should all be fired like yesterday. They have gotten away with being dumba$$es for to long. Remember when they overpaid for the Northwood INN.

It is interesting they claim a surplus when just last year they were poormouthing about the employees health care cost.

We NEED accoutability at MCC!

By No Name

October 7, 2008 10:13 AM | Link to this

The MCC trustees should sue their attorney for giving them the bad advice that they could pull off this scam. Or maybe the trustees themselves should be sued for this waste of taxpayer money.

By No Name

October 7, 2008 2:54 PM | Link to this

By Bob

October 7, 2008 3:18 PM | Link to this

Now, they’ll be crying that MCC needs a financial bail out due to their trustees’ stupidity like Wall Street and the Financial Markets.

The MCC Trustees are NOT to be trusted!

By Concerned Individual

October 7, 2008 4:11 PM | Link to this

The bond that passed to build MCC and that has cost the raising in taxes for McLennan residents; I know where that money has gone. Just my opinion but this is a grievous error in judgment and that amount of money that’s being taken away from the students who pay to attend the college as well as McLennan residents who pay taxes and APPPROVED the bond should certainly demand accountability.

By taxpayer

October 7, 2008 5:30 PM | Link to this

Again, another entity that thinks they are entitled to do whatever they want to do! Great planning on your part MCC trustees! I hope this isn’t what you teach in Economics 101. I guess now you’ll need to raise more money! My vote will be the same as last time! NO!!! Oh yeah, and thanks for the higher taxes with - once again - nothing to show for it. I don’t know about the other McLennan Co. residents but I am sick and tired of being asked to pay more and more for less and less!!

By Rosa

October 7, 2008 7:18 PM | Link to this

After reading this article, if the bond proposals pass, it will be like pouring LOT MORE $$ down the drain. When I vote, it will certainly be NO!

By No Name

October 7, 2008 11:25 PM | Link to this

disgusting

By mike

October 8, 2008 8:25 AM | Link to this

I am uncertain what long range plans MCC has in mind that would give need to acquiring a 20+ acre tract of land. Just because an available property adjoins you is not a mandate you have to own same. Having said that one can conclude there was a poor job of defending the appraised value and/or the condemnation examiners had absolutely no concept or understanding of property value trends in the neighborhood as the MCC offer appears more than fair. However, as usual the taxpayer bears the burden.

By Joe Taxpayer

October 8, 2008 10:24 AM | Link to this

Why are folks complaining about the burden on taxpayers? The article says “Both settlements will be paid out of a $533,369 surplus from the 2007-2008 budget… Therefore, tax rates will not be affected.

I would agree with the comment about “Economics 101”, though. The appraisal was substandard to begin with. They should have done more homework before filing the claim. Then when they withdrew the claim, the costs more than they expected.

Bad business deal, sure. Reduced profits for the school, sure. Higher taxes? No.

By Joe Taxpayer

October 8, 2008 10:29 AM | Link to this

Must correct myself. I see now where the comments are coming from. I was unaware of the bond issue - which, in effect, had ALREADY raised taxes before this property purchase failed.

By By Angered Taxpayer

October 9, 2008 4:17 PM | Link to this

Dennis Michaelis should be fired for the misuse of funds and the burden he has put or will put on all taxpayer’s! $533,369.00 of MCC’s funds for nothing, a settlement only because of his arrogance and greed, seems to me he should attend classes in Economics 101.

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