GOVERNOR
SCOTT WALKER, SMARTER THEN A 5TH GRADER!
(Milwaukee
Journal Sentinel, Frazer Chronicle)
I
read with interest an article in the Milwaukee
Journal Sentinel about how Governor Scott Walker now has the power to sell
Wisconsin state heating plants, highways, and other properties. It got me to
wondering how this practice of a state’s governor acting as a real-estate agent
worked in other states. After all, as I recall, privatization of services in
some instances hasn’t really worked out that well, I seem to remember some
sort of parking meter deal not working out for the city of Chicago.
Parts
of the Indiana and Illinois toll roads have been leased to private overseas
companies with somewhat mixed results, and portions of toll way 80 in Ohio was
being considered as a foreign company clambered to get on board as a an
American toll way executor, but that has sense been put on hold.
The
Chicago parking meter system with almost 36,000 meters seems to have run into
ownership, leasing prices, that the lease of $974 million dollars for the
system was less than the system cost brand new. In addition, some sour grapes
seems to have been slung
around because William Blair, and Morgan Stanley.
It
seems that William Blair & Company suggested the move to Mayor Daley and
that LAZ Parking, the company to run the parking system was a company formed by
Stanley Morgan. Could there be double dipping here, I don’t know, and it’s for
sure I’m not saying that there is…..but…..one never knows.
So
now, here in little old Wisconsin, we have a Governor, Scott Walker, who is
ambitious, and seems to be seeking national attention, and we discover that presto, he can now sell
government buildings, and other
assets that in other states has caused at the least some frayed feelings.
MY
INITIAL REACCTION
My
initial reaction is an easy one…..why,
why would a governor need to have the ability to arbitrarily almost yard sale off state assets.
Exactly what is going on here, yet another power grab by good ol “Sleepy”
Walker?
Let’s
see a list of these power plants, and parcels of properties that might
be sold off and how are they might affect the land, the environment, the
people, and possibly the artistic and historical stability of an area. Who is
going to make the decisions regarding these places and things, some bureaucrat,
or real estate agent, or a private developer?
In
a worst case scenario, land, neighborhood and a historical area might be pushed
out of the way for some sort of progress regardless whether it’s a street, a
sewer line, a high-rise, or an office building. And what about cronyism, will doing favors friends come into
play?
Also
I can’t ever get comfortable with the idea that Walker, in an interview said
that “his main focus was on selling properties such as power plants and he
would not sign off on deals that were not advantageous in the long term.” “If it doesn’t make sense, we won’t do
it.” HUM. I
wonder what municipality and school teachers would say to that last part?
Walker
talked about the accountability under the requirement that any deals would need
approval by Wisconsin’s Building Committee, and legislature’s Joint Finance
Committee. “I can’t just arbitrarily do it; this finance committee is still a
safeguard.
WHY
WOULD ANYBODY NEED A SAFEGUARD FROM GOVERNOR WALKER
Whenever
an elected official seeks to grab additional authority or power, they invariably
talk about checks and balances.
“Don’t worry; this committee will keep everything on the up and up, and for the voting public at large. That would be
great if that committee
always did their job in a bipartisan way…..but we all know how that works out.
I
guess in the final analysis one need to question why Governor Walker feels the
need to become a real estate agent; I thought those people needed to go to some
sort of a school? A bigger and more serious reason is that short term benefits
don’t always equate into overall good for the state.
I’m
not going to get into all sorts of real estate situation that I don’t
understand, and I think that Walker shouldn’t either. Oh I understand that
Scott Walker wouldn’t be pulling the trigger on any sales situation, he’d
have advisors just like the rest of us…..if were smart when buying property.
But
I think the biggest issue whenever there is any transaction involving state
owned property is what the deal might mean in 20, 30 or 40 years out. And I’m
not saying that Governor Walker doesn’t have the best interest of Wisconsin at
heart…..but…..one never knows. I’d say that any real estate transaction where
the governor is involved, any governor, the situation needs to be watched.
HAVE
A NICE DAY!