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Message
SWB is giving $6 million in taxpayer funding for a private real estate development near SU
Posted on 10/21/21 at 7:58 am
Posted on 10/21/21 at 7:58 am
quote:
LINK
As Metro Council members begin to delve into Mayor Sharon Weston Broome’s spending plan for the $73 million in American Rescue Plan dollars headed to Baton Rouge, they’re starting to ask questions.
Council member Dwight Hudson is among those who has sent an email to Broome requesting more information on some items in the budget supplement, first introduced at the Oct. 13 council meeting. Council member Rowdy Gaudet has a meeting with the mayor on the subject later today.
Among the allocations they’re asking about is a $6 million earmark for an $11 million, mixed-use affordable housing development in north Baton Rouge called Housing for Heroes.
What’s the program about?
According to the mayor’s office, the project will be a 51,000-square-foot, mixed-use development with 36, one-, two- and three-bedroom affordable units for essential workers and low- and moderate-income professionals. The development will be located in Scotlandville at the intersection of Scenic Highway and Scotland Avenue. The $6 million will be used to provide gap funding for the construction of the project.
quote:
According to the budget supplement presented to the council last week, the developer of the proposed project is KMT Holding and Development, which is owned by Bradly Brown, a Baton Rouge native and former Capitol High School football star, who played for the University of Louisiana-Lafayette a decade ago.
In the years since, Brown has become a real estate developer and investor in a variety of ventures the KMT webpage says. The site lists several projects in the firm’s portfolio, though only three, single-family residential renovations appear to have been completed. The other projects appear to be computer renderings.
There is no text with the images to explain what KMT has done with those projects or where, specifically, they are located.
Brown did not return calls seeking comment.
It is unclear how Broome selected KMT to be the developer for the project. Armstong says the idea “grew organically out of conversations with the developer.”
The developer renovated 3 homes in north Baton Rouge over the last couple of years. Now they are getting $6 million in taxpayer funding for a real estate development in the booming, stable neighborhood of Scotlandville.
Here is the developer's webpage: LINK
Onyx Square is the project your tax dollars are funding.
37
Posted on 10/21/21 at 8:01 am to frequent flyer
quote:
The site lists several projects in the firm’s portfolio, though only three, single-family residential renovations appear to have been completed. The other projects appear to be computer renderings.
Oh yeah, sure, nothing to see here. Seems legit
Posted on 10/21/21 at 8:01 am to frequent flyer
So your saying baton rouge is full of corruption and hand outs of federal money, color me shocked.
Posted on 10/21/21 at 8:02 am to frequent flyer
Every bit of money BR gets is going to be wasted
Posted on 10/21/21 at 8:02 am to frequent flyer
Posted on 10/21/21 at 8:03 am to frequent flyer
MoveBR scam
Posted on 10/21/21 at 8:03 am to frequent flyer
quote:
It is unclear how Broome selected KMT to be the developer for the project. Armstong says the idea “grew organically out of conversations with the developer.”
These people spend 100% of their time trying to scam the deepest pockets and local politicians fall for it every fricking time.
Posted on 10/21/21 at 8:05 am to MrJimBeam
quote:
Oh yeah, sure, nothing to see here. Seems legit
It gets better.
quote:
Gary Chambers defends mixed-use project in Broome spending plan
“These are the people we want investing in north Baton Rouge,” Chambers says. “They’re bonafide investors and they’re the kind of people we need in north Baton Rouge.”
I'm not sure if he means the taxpayers or the construction company that did 3 tiny home renovation projects over the past two years.
quote:
According to that plan, introduced to the Metro Council earlier this month, the project will provide affordable housing for frontline workers and low- to moderate-income professionals and will cost an estimated $11 million.
The $6 million will go towards providing gap funding for construction for the project, which will be located at the intersection of Scenic Highway and Scotland Avenue.
LINK
Gravy is defending it. That alone should raise the red flags.
Posted on 10/21/21 at 8:06 am to frequent flyer
The fact that one of the renderings has a scenic, mountain backdrop is proof that this is bullshite.
Posted on 10/21/21 at 8:06 am to frequent flyer
Black Privilege?
Oh and "gap" funding isn't usually >50% of the project value.
If you can't come up with even half of the money to fund your project, you need to move on. I worked my arse off for 20+ years to be able to afford to open my own company, and I didn't rely on FREE tax funds to do it.
Yeah, I'm mad.
Oh and "gap" funding isn't usually >50% of the project value.
If you can't come up with even half of the money to fund your project, you need to move on. I worked my arse off for 20+ years to be able to afford to open my own company, and I didn't rely on FREE tax funds to do it.
Yeah, I'm mad.
This post was edited on 10/21/21 at 8:11 am
Posted on 10/21/21 at 8:07 am to frequent flyer
quote:
They’re bonafide investors and they’re the kind of people we need in north Baton Rouge.”
They're bonafide investors that need the government to pay for their projects
That's not investing, that's carrying out a government program.
Posted on 10/21/21 at 8:07 am to LSUJML
quote:
Every bit of money BR gets is going to be embezzled
FIFY
Posted on 10/21/21 at 8:08 am to frequent flyer
From the dudes website:
I think I understand the English language decently, but I don’t know wtf that means.
quote:
KMT Holdings and Development is a full service Real-Estate development company based in Baton Rouge, Louisiana. KMT was founded with specific intent to bring superior upscale affordable housing along with economic empowerment and development to underserved and disinvested communities. Our firm believes in combating systemic disinvestment from a wholistic perspective. We thoroughly understand that Real-Estate Development lacks effectiveness when there is no equitable investment into the people which our developments seek to serve. KMT puts the people first!
I think I understand the English language decently, but I don’t know wtf that means.
Posted on 10/21/21 at 8:09 am to BamaCoaster
quote:
I think I understand the English language decently, but I don’t know wtf that means.
It's the buzzword salad and platitudes that attract black politicians and activists like moths to a flame.
Posted on 10/21/21 at 8:10 am to shawnlsu
This reputable, experienced developer has a bunch of projects that don't exist in the portfolio section of their website.
But no fear. They do have a real picture of a kitchen that they presumably renovated...although no specific address was provided.
But no fear. They do have a real picture of a kitchen that they presumably renovated...although no specific address was provided.
Posted on 10/21/21 at 8:12 am to frequent flyer
Private projects that use public money should have the same public bid and open books requirements as public projects; it doesn't matter if the contractor is white, black, brown, yellow, or a combination of all of the above. Too much public money goes in to the hands of private individuals and companies with zero public oversight.
This post was edited on 10/21/21 at 8:22 am
Posted on 10/21/21 at 8:14 am to frequent flyer
This is a perfect example of why St. George happened. People want to know why go through the hassle? It's shite like this. Wasting taxpayer money.
Posted on 10/21/21 at 8:14 am to frequent flyer
Just questioning that is racist.
What Broome does with tax money is none of “you people’s” business
What Broome does with tax money is none of “you people’s” business
Posted on 10/21/21 at 8:14 am to frequent flyer
Broome has to kickback money somehow. She’s sitting on millions of dollars in Federal funds. Be vigilant.
Posted on 10/21/21 at 8:14 am to BamaCoaster
quote:
Our firm believes in combating systemic disinvestment from a wholistic perspective.
quote:
We thoroughly understand that Real-Estate Development lacks effectiveness when there is no equitable investment into the people which our developments seek to serve.
Explain this to me like I am 5 please
This post was edited on 10/21/21 at 8:16 am
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