Kenny/Rebranded Build Lakewood Lies Destroy Healthcare Assets at $184M cost to Taxpayers
Posted: Sat Sep 17, 2016 6:51 am
Here is a point by point rebuttal of LO editorial leader Jim Kenny of the Rebranded Lakewood Insiders for Fraud.
Kenny Lie #1: The Master Agreement is “No costs to taxpayers.”
Fact: The Master Agreement causes a total cost of $184M to taxpayers right out of the gate. It causes: (1) $107M in taxpayers’ healthcare assets to leave Lakewood, (2) a loss of $22M in income taxes per year for what would have been 11 more years on an enforceable Lease that (3) requires $55M in capital improvements to taxpayers’ assets (all guaranteed by the Clinic). Total price tag to taxpayers: $184M.
Kenny’s Lie #2: “your healthcare experience won’t need to change"
Fact: Healthcare for nearly 50,000 visits hospital visits per year that used to go to Lakewood has changed since the hospital closed –all those patient visits have moved out of Lakewood---$7 million per year in charity care ($77 million for the balance of the Lease) is gone. POOF!!---Kenny and his wealthy Insiders don’t care about people—The wealthy Insiders only care about keeping the money they are stealing from the poor with their lies to "invest" in their secret Insider deals. They are shipping in a hand full of over worked medical residents and all of the experienced doctors have been forced out of Lakewood by the destructive Master Agreement. This dramatically changes your healthcare experience--especially if you are poor.
Kenny’s Lie #3: “Better yet, a vote for requires the Clinic pays Lakewood an additional $19.6 million for transition costs and to help the City of Lakewood redevelop the old site”
Fact: The Clinic pays nothing for transition costs—ZERO. The only money paid by the Clinic to the city is (1) $1.6M to the city for 1.8 acres of land on the east side of Belle, but taxpayers foot the bill for $3.6M in demolition costs and a $2.5M gift to the Clinic for their parking lot—A net taxpayer loss of $4.6M to gift land to the Clinic. Its Nuts! (2) only $8M is paid for Columbia Road (a taxpayer asset) that was valued at $13M---Cost to taxpayers for sale of Columbia Road--$5 million loss to taxpayers.
Kenny Lie #4: “Meanwhile $32 million is being deposited into a new Lakewood foundation dedicated to improving our community’s health.”
Facts: The “private” foundation won’t be fully funded until 2026---the present value of the funding is only $16.5M ---at a costs to taxpayers of $184M see above). NO money is being deposited into a “Lakewood” foundation—it will be a private foundation the city has little or no control over—CCF and yet to be disclosed Insiders will control the money. Even Butler admits that.
Kenny Spin: “When you see the unvarnished facts, I believe you’ll recognize that the choice is clear. We need to keep quality healthcare in Lakewood.”
Facts: The Master Agreement destroys Lakewood’s public healthcare assets and seriously degrades healthcare in Lakewood by at least $184M Vote AGAINST 64
Kenny Lie #1: The Master Agreement is “No costs to taxpayers.”
Fact: The Master Agreement causes a total cost of $184M to taxpayers right out of the gate. It causes: (1) $107M in taxpayers’ healthcare assets to leave Lakewood, (2) a loss of $22M in income taxes per year for what would have been 11 more years on an enforceable Lease that (3) requires $55M in capital improvements to taxpayers’ assets (all guaranteed by the Clinic). Total price tag to taxpayers: $184M.
Kenny’s Lie #2: “your healthcare experience won’t need to change"
Fact: Healthcare for nearly 50,000 visits hospital visits per year that used to go to Lakewood has changed since the hospital closed –all those patient visits have moved out of Lakewood---$7 million per year in charity care ($77 million for the balance of the Lease) is gone. POOF!!---Kenny and his wealthy Insiders don’t care about people—The wealthy Insiders only care about keeping the money they are stealing from the poor with their lies to "invest" in their secret Insider deals. They are shipping in a hand full of over worked medical residents and all of the experienced doctors have been forced out of Lakewood by the destructive Master Agreement. This dramatically changes your healthcare experience--especially if you are poor.
Kenny’s Lie #3: “Better yet, a vote for requires the Clinic pays Lakewood an additional $19.6 million for transition costs and to help the City of Lakewood redevelop the old site”
Fact: The Clinic pays nothing for transition costs—ZERO. The only money paid by the Clinic to the city is (1) $1.6M to the city for 1.8 acres of land on the east side of Belle, but taxpayers foot the bill for $3.6M in demolition costs and a $2.5M gift to the Clinic for their parking lot—A net taxpayer loss of $4.6M to gift land to the Clinic. Its Nuts! (2) only $8M is paid for Columbia Road (a taxpayer asset) that was valued at $13M---Cost to taxpayers for sale of Columbia Road--$5 million loss to taxpayers.
Kenny Lie #4: “Meanwhile $32 million is being deposited into a new Lakewood foundation dedicated to improving our community’s health.”
Facts: The “private” foundation won’t be fully funded until 2026---the present value of the funding is only $16.5M ---at a costs to taxpayers of $184M see above). NO money is being deposited into a “Lakewood” foundation—it will be a private foundation the city has little or no control over—CCF and yet to be disclosed Insiders will control the money. Even Butler admits that.
Kenny Spin: “When you see the unvarnished facts, I believe you’ll recognize that the choice is clear. We need to keep quality healthcare in Lakewood.”
Facts: The Master Agreement destroys Lakewood’s public healthcare assets and seriously degrades healthcare in Lakewood by at least $184M Vote AGAINST 64
