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Shelby to Defer $1.3M in Cherry Creek Rent in Return for Renovations, Lease Extension

Cherry Creek, though operated by Golf Facilities, Inc., is owned by Shelby Township, which receives rent from GFI as a tenant.

 

Shelby Township has agreed to defer $1.3 million in rent from Cherry Creek Golf Club in exchange for Cherry Creek’s commitment to make a minimum of $1.6 million in capital improvements to the property over the next eight years and extend its current lease until 2062.

The township board voted 5-1 Tuesday to approve these lease amendments, with Trustee Nick Nightingale casting an opposing vote and Trustee Doug Wozniak absent.

Under the amended lease terms, Shelby Township will defer Cherry Creek’s rent for eight years and eliminate the guaranteed monthly rent payments in favor of a quarterly pay schedule. In return, Cherry Creek will invest the monies that would have otherwise been used for rent in a series of renovations. The company has also agreed to extend its lease term to 2062, guaranteeing an additional 17 years of rent for the township.

“It is not an abatement. It is a deferral,” said Mike Bylen, a representative of Cherry Creek. “This is an investment in the property to keep it relevant.”

Proposed renovations include additional outdoor dining options, expansion of the white tees and construction of a new building that will make the existing clubhouse "banquets only."

See a list of renovations planned for the next eight years.

Although Golf Facilities, Inc. operates Cherry Creek, the property and all associated buildings are owned by Shelby Township.

“This is our asset,” said Treasurer Mike Flynn. “They are making an investment in our asset which the taxpayers will own at the end of the day.”

While the rent deferral will mean a $1.3 million loss in township revenue for the next eight years, increased rents throughout the existing lease period are expected to return $1.47 million more than that earned had the deferral not taken place. Taking into account the extended lease, Cherry Creek operators say Shelby can expect an additional $17 million in revenue, too.  

Supervisor Richard Stathakis stressed that “not one penny” of the township’s general fund is being used for this project. While the rent deferral will mean a loss in revenue, Shelby is not adding any expense to its budget.

In lieu of paying rent for eight years, Cherry Creek will reinvest the $1.3 million into capital improvements to the property and, per the terms of the lease, pay higher rents in the years following the deferral.

However, because Shelby has already built the revenue from Cherry Creek’s rent into its 2013 budget, Stathakis said the township will have to divert $125,000 from its capital improvement fund to cover the revenue loss this year. This will not be the case in future as the township will not take revenue from Cherry Creek into account when compiling the next seven years of budgets.

“In the future, we’re not going to realize (those rents) as revenue,” Stathakis said. “It’s going to be deferred and we’ll get the money in eight years.”

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Related Topics: CHERRY CREEK, Golf Course, Renovation, Rent Deferral, and Shelby Township Board

Stacey Harrison

7:04 am on Wednesday, February 6, 2013

interesting, where are the comments from yesterday? clearly this project is not in the publics best interest

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Romney2012

7:32 am on Wednesday, February 6, 2013

$ounds like $thatkis and company already made their minds up before the board meeting, as per usual. What's that $thathakis likes to say, "Business as usual is not an option." Well, this sounds an awful lot like, Business as usual to me.

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Romney2012

7:41 am on Wednesday, February 6, 2013

I forget how the conservative Republican thinking goes: Big government is bad and small government is good? Is that it? Or is it the other way around? Cause I feel like I heard a lot of "Smaller government!" cries from the Regan-lovers before the election.

Or is the conservative Republican modus operandi simply, "Claim big government is bad and small government is good while sticking the taxpayer with a million dollar golf course bill."

Or wait, I remember now. The Republican creed is always, Help big business at any cost. Yup, giving a million dollar break on rent to a private company on public land seems about right for these Neo-Cons. It's not like the Township needs $200,000 a year in rent to help us through these tough financial times.... Don't forget to do as your told. and Vote Republican.

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ShelbyReader

8:31 am on Wednesday, February 6, 2013

Re last night's Board Meeting: I watched a few minutes of Mr. Stathakis evading a direct question about the $125,000 rent. Instead of answering the question he went on and on about journal entries to the Capital fund and reversing journal entries to this budget and that budget. Folks, it is not that complicated: last year Cherry Creek wrote us a check for $125,000 and we deposited it in the bank account and after last night’s decision by Shelby’s Board that is not going to happen anymore. You don’t think Mr. Cherry Creek put on that self-serving presentation to stop Shelby Township from writing journal entries do you? No, it was all about keeping their cash in their pockets.
I also watched Mr. Stathakis’s remarks that the golf course land was vacant and not being put to good use until Cherry Creek came along and that he was going to make sure that he extracted as much revenue out of Shelby’s resources. In my opinion, another word for “vacant” public land is a park and his philosophy for squeezing as much money out of Shelby’s resources ought to concern Shelby’s citizens. What next, let Walmart open a supercenter at River Bends so that Shelby can get in the grocery store business in 60 years? How about a logging operation. Is that okay as long as we line the pockets of the politically connected?

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ShelbyReader

8:32 am on Wednesday, February 6, 2013

The bottom line is simple: Cherry Creek is not going to pay us over a $1,000,000 in rent that they promised us. This is the second time Cherry Creek has reneged on their commitment to Shelby residents (most recently in 2010, three years ago) and their promises that they are going to make up for this eight years in the future are not believable. For more than 60 years the Cherry Creek investors will collect their profits without paying any property taxes but still be protected by the Shelby police and fire departments that the rest of us paid for. Nor will Cherry Creek investors contribute one penny to the education system in this community.
Shelby voters may not be able to do anything about the Shelby Board for 4 years, but they can express their displeasure with Cherry Creek a lot sooner than that: they can vote with their pocketbooks. I see no reason why any golfer or other group connected with Utica Schools or any other group dependent on tax revenues or paying taxes would let a dime of their money go to the Cherry Creek scofflaws.

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John

9:53 am on Wednesday, February 6, 2013

You just got robbed again suckers...

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Matt Guarnieri

12:56 pm on Wednesday, February 6, 2013

I'm not sure these comments are correct. The rent is deffered. If you rent a house and the tenant says he will put in hard wood floors that cost 1300 dollars in exchange for defering a rent payment of 1000 dollars, the landlord might go for it. This enhances the property and saves the landlord 300 dollars. The tenant then pays 2000 dollars in rent in the future because the new floors enhanced the property.
I understand some complaints but this really does seem like aa win for the landlord (us, the taxpayers). I no longer golf and I can't afford to eat at Cherry Creek any longer but one of the top 3 reasons new businesses give for relocating to Shelby is Cherry Creek Golf Course and I love new business with new jobs to go with them.
Cherry Creek is a public golf course, not private.... And it makes and pays money every year into a Shelby Township asset.... The club house is owned by Shelby Township, we are leasing it out, as landlords would.

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John

2:12 pm on Wednesday, February 6, 2013

Its sounds like a no brainer when you swallow the sales pitch without bothering to think about the details. Its actually better than one of those late night get rich quick infomercials.
1) They "claim" its a million dollars in upgrades. If you said you were going "pay me" next year if I let you put in a $1300 floor I'd want something a little more specific demonstrating its actually $1300 worth of floor. Waving a floor sample around and telling me how awesome you are and and how lucky I am to have you as a tenant wouldn't cut it.
2) Your "promise" to pay me back is based on an 8 year projection that you'll actually see a serious increase in sales because the new floor is just that awesome. Lets not even talk about the new banquet hall (competition) thats been built on Van Dyke and 25. So your example isnt even useful because there is a bit more going on than just renting out property and investing in some renovations.

Plenty more, but thats enough on the surface alone to make one say no thanks without a lot more details. Forget the fact that you weren't getting a whole lot of straight answers from anyone on the board. There is no such thing as free money you tax slaves, when it sounds too good to be true it usually is.

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Romney2012

10:26 pm on Wednesday, February 6, 2013

Even if the improvements increased the value of Cherry Creek by 100 Billion dollars what difference does it make to us when as landlords we're locked into a 50 year deal? I don't care if Shelby Twp can rent Cherry Creek out for a million dollars a month in the year 2065. I care about the million dollars in rent the Township just-- what's the word-- flushed? wasted? gave away? I am not in the least bit surprised that Matt Guarnieri sides with the Board, especially after saying he opposed the measure yesterday.

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Dana Horton

5:20 pm on Thursday, February 21, 2013

Please. Why do you sugar coat everything that Mr Stathakis says or does?

Matt Guarnieri

11:40 pm on Wednesday, February 6, 2013

I educate myself on the issue and try to look at this from a taxpayers point of view. I was against it until I found out more facts, now I am neutral on this, not exactly sold on it but I now see the logic of the board going for it.
At least I use my name to allow you to flame me, I don't hide behind alias's and whine like a wuss.

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Romney2012

11:09 am on Sunday, February 10, 2013

Matt, I mean ShelbyCitizen, you are a gigantic hypocrite. When $thatkis says jump, you say, "How high?". Matt you were against this, then you were for it (after King $tahtkis voted for it), and NOW you are "neutral"????? ShelbyCitizen- you do nothing but help $thakis and his cronies, and you would never dare disagree with them over something that is not trivial. I don't always agree with Sarah Franklin, but I appreciate her stance on this issue, and now I know she is not just a blind crony like you.

Pamela Adcox

6:35 am on Thursday, February 7, 2013

We need a common sense leader in Shelby Twp. Not a politician who refuses to answer questions and/or does whatever he pleases despite the will of the citizens that voted him in.

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Dana Horton

3:30 pm on Thursday, February 21, 2013

His attempt at an answer of any kind was only to confuse the public. When you have to climb a tree to tell a lie instead of standing on the ground and telling the truth there is a definite problem.

ShelbyReader

10:36 am on Thursday, February 7, 2013

I guess they were too ashamed to show their faces. I guess deadbeats and freeloaders can be embarrassed.
Did anyone notice all the empty chairs behind Mr. Cherry Creek Tuesday night? If you are a regular viewer of Board meetings when the Board awards contracts and the Planning Commission discusses requests from developers you will see people in those first two rows of chairs: developers, their attorneys, etc. The usually have to stand up, identify themselves and their address. On Tuesday night’s meeting re the Cherry Creek petition only one guy stood up and was identified but didn’t give his address so we don’t even know if he lives in Shelby Township. You would think if the Cherry Creek investors were asking for more than a million dollars from Shelby taxpayers they would at least show up at the Board meeting and tell us who they were. Neither at the meeting or the Cherry Creek website do we know any of the people on the Cherry Creek Board of Directors or the owners of Golf Facilities, Inc., the Cherry Creek management company. Does anyone know if any of the Board of Trustees (or family members) are financial beneficiaries of the Cherry Creek profits? It would be nice if the Board would disclose the names of the Cherry Creek Directors but I noticed that Shelby’s Board didn’t do that: what’s the big secret?

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Sarah Franklin

11:45 am on Thursday, February 7, 2013

Sweetheart tax deal for Cherry Creek enterprise!
1) This tax deal is front loaded with tax payer money while 75%+ of the promised glitzy improvements don't even break ground until 2016
2) Plus the Board failed miserably here to be the steward of tax dollars as 'present value' of all cash flows was obviously never addressed:
... Simply stated, Present Value analysis determines the real value today of cash flows (in this case negative cash flows from tax losses) and future expenses (in this case capital improvements) to measure a net decision in today's dollars. The same principle also should assess depreciation of improvements to each asset, its realistic life expectancy and proforma value (in this case) 8 years out
This was clearly NOT done as part of this decision and would have cast a totally different light on the math. A special SHAME ON YOU MR. FLYNN, for allowing this to happen. You were the lesser of bad choices in the last election but clearly haven't a clue on how to conduct a detailed financial analysis where future cash flows and depreciation are involved and discounted back to today's dollars. Perhaps the Township should let him continue to announcing youth events for the next 4 years and hire a specialist for big decisions in the future.
We, the taxpayers of Shelby, were really railroaded on this decision through a shell game of presenting how allusive buckets of money are moved around and really doesn't cost the taxpayers anything. Really?????

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Dana Horton

5:23 pm on Thursday, February 21, 2013

Flynn is a little boy trying to fill a mans shoes. It isn’t working. He acts like weasel and a coward. he is a poor representative for Shelby.

Sarah Franklin

12:03 pm on Thursday, February 7, 2013

One other point- No expense accounting over the next 8 years??

They (Our Board) say that there is no need to have the operator/management enterprise overseeing Cherry Creek to account to Shelby Township for any of the expenses related to promised improvements over the next 8 years. Why? Because they say it is the operator's money being spent and not the taxpayers?
Wow... this is even better than the shell game in their presentation where capital budgets were interchanged with operating budgets, concluding no money was being spent by tax payers while tons of improvements were being realized.
I, for one, would like to see a progress report each year which shows how this $1,300,000 tax gift is being offset by real expenses -- verified and audited by an independent auditor. Seems pretty reasonable to me as my back of the napkin calculations suggest we pay out over $550,000 in first three years (discounted cash flows back to today) and receive at best $200,000 in improvements using their own improvement plan and timeline to make this assertion. An expense audit would surely keep the stewards of our eggs doing a better job watching the henhouse. Novel idea Mr Flynn and Mr. Stathakis?

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Sarah Franklin

12:30 pm on Thursday, February 7, 2013

Final comment... Our Board says Cherry Creek operators are taking all the risk!

Really? They are obviously a whole lot smarter than the folks on our Board if they got them to really believe that. Here is the logic: The 'Operators' get free, front-loaded money through waiving of taxes and no financial controls on how/when the free money is spent; thus giving them exactly the opposite effect-- No risk at all! They will get somewhere in the neighborhood of $550,000 (PV adjusted) over first three (3) years of this deal that they can basically spend or not spend at their discretion. Certain categories of expense like redecorating/modernizing banquet rooms (in their short-term plan) actually gives them significant accelerated depreciation options to further enhance their bottom line in these early years. I will take that deal any day of the week. Give me someone else's money to use at no cost, so I can improve my house, rent it out, optimize depreciation and then give it back to you in the future after I have stripped all the value out. Not quite as simple as this, but the gist of the message is solid. So back to Mr Flynn and Mr. Stathakis; did someone pull the shell game over on you before you passed the shells to us?

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John

12:43 pm on Thursday, February 7, 2013

It's a shame you dont go to the meetings and hammer them with the facts. They get away with most of this garbage because nobody shows up and calls them out.

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Taxed Enuff Already

1:10 pm on Thursday, February 7, 2013

Doesn't seem to matter. People get up there and hammer the Board with the blatantly obvious all the time. The Supervisor and his lackeys will always do what they are told to do by those that paid to get them elected.

Sarah Franklin

1:51 pm on Thursday, February 7, 2013

You, I and Ron Churchill could have got up in front of the Board the other night masqueraded as the three blind mice complete with matching orange hats and the Board would have not taken notice that there was a chorus of dissent to their vote.
If this was a Public Company, Sarbanes-Oxley would keep them in check as the threat of being hauled off is a bigger motivator than what shareholders (Tax payers in this parallel example) think. That is why due diligence at the corporate level has swung the pendulum 180 degrees in the last 10 years... not because CEO's have aligned themselves with the moral right. They simply don't want real bad consequenses. So the system does seem to work.
Here, what is needed is broader media exposure to these kind of decisions. Just think if a Channel 7 News Investigator, acting on a tip, showed up in front of the Township offices and began to ask questions about a very specific decision that just shelled out $1,300,000 of taxpayer money over 8 years while at the same time, defended that there is no accountability required for these expenses ...and oh Yes, the back of the napkin has all the details of the plan.
I am not a betting person, but I would guess you would see a whole lot of back pedaling and revisiting whatever napkins were used to construct this sweetheart deal. Media exposure always wins the day much more than what us lowly taxpayers think (I'll speak for myself at least on this last point).
Just a next step thought of course.

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Matt Guarnieri

3:07 pm on Thursday, February 7, 2013

The board can always reverse itself on this but what"s to stop Cherry Creek from walking away and sticking Shelby Taxpayers with a golf course to run. We could always leave it vacant like it was and get nothing from it.
What are the options here?
My worry is that if Cherry Creek stops making money, they fold and leave taxpayers with a building to upkeep and maintain with tax dollars.

If Cherry Creek doesn't live up to any expectations the board can raise the rent with one vote, thus forcing them into bankruptcy and leaving the land vacant, wonder what this would cost us?

I was against Cherry Creek in 1995 for fear that once the buildings stopped making money the corporation would vacate and leave taxpayers with a dysfunctional building....... although, they have surpassed my expectations.... they do provide a public golf course and first class club house for free..... well... they actually paid us 1.9 million so far which is more than the township could have sold the property outright for and had a private golf course developed on the site....
And it is a nice place.
so far, it's been a win for taxpayers so I am willing to give some slack on this and let it be with the knowledge that this amendment can be rescinded if they don't live up to their end of the bargain.

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Romney2012

11:21 am on Sunday, February 10, 2013

Matt (aka ShelbyCitizen)-- who cares if the Cherry Creek operators go out of business? Businesses fold all the time. If a business can't hack it without government assistance, then so be it. Drop dead so to speak, especially if it is a luxury sport built on middle/high-class disposable income. how in the world does the Republican ideology figure into this giant tax break for GOLF??? if it was a hospital or homeless shelter, okay, but golf? Really?

I'd rather Shelby continue to collect rent while putting a plan in place in case the renters walk. Now we won't have a chance to find better renters for 50 years. The golf course could be used for a number of different things which could generate lots of Township money... Country music festival, Michigan wine and beer festival, basically any sort of people gathering.

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Dana Horton

5:25 pm on Thursday, February 21, 2013

Would you be wearing a dress or a Hawaiian shirt and cutoffs?
We’re not that stupid.

Taxed Enuff Already

2:00 pm on Thursday, February 7, 2013

Still might not matter. These people have spent the last four years defending themselves against all kinds of things. Lawsuits, criminal investigations, various expose's in the media, what have you. They were still re-elected because the majority of Shelby residents don't pay enough attention to real life, and fall for the propaganda and character assasination of their opponents that show up in mailboxes at election time. Eventually the same thing that happened to Kilpatrick in his second term may happen here. One can only hope.

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Dan glesack

5:04 pm on Thursday, February 7, 2013

Lets be realistic, no politician in their right state of mind would ever vote in favor of this, unless they were receiving money, campaign contributions, or money under the table

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John

5:13 pm on Thursday, February 7, 2013

That pretty much sums it up. I watched it all on TV and keep thinking this would be far more believable if the "Sham-Wow" guy was presenting the deal, it was 3AM and I was drunk.

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Dana Horton

5:26 pm on Thursday, February 21, 2013

Well that just couldn’t be the case here could it?
Sorry just joking.

Dan glesack

5:09 pm on Thursday, February 7, 2013

And anybody who disagrees, can LMBH. The whole board is out of their mind. The only one who has a anything worthwhile to say/do is mr. Nightingale.

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Dan glesack

5:25 pm on Thursday, February 7, 2013

After listening to Byron state that he pays half million dollars a year to the bank, I did further reaserch to find out that the 1.6 million dollars are being borrowed from the bank, and they are borrowing the money for renovations to keep themselves afloat, and that if they walk away from the project, a lean will be placed on the assets, and then whose going to pay it? The tax payers?

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Sarah Franklin

5:28 pm on Thursday, February 7, 2013

Please.... on the Nightingale comment... This guy is a tow truck driver with a grudge in one hand and our pocketbook in his other hand. He is on this board to be vengeful, win a lawsuit against all of us and to get his towing contract back so he/they can continue milking the Township Dairy, like they had for many years. Granted he voted no the other night on Cherry Creek... but he did it from the position of pure ignorance with a clueless look on his face as to why he was even present in the room

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John

5:41 pm on Thursday, February 7, 2013

I don't understand why you keep looking down your nose calling the guy a tow truck driver as if that's on par with a rapist. He's a pretty nice guy if you talk to his and he works hard and runs a business that apparently you think is far beneath the royalty you expect in power. Maybe the guy got pissed off and decided to do something (like run for office) instead of just sitting around complaining.

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MP Smith

11:33 am on Sunday, February 10, 2013

You dont know what youre talking about. Geez, get a life.

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Dana Horton

3:28 pm on Thursday, February 21, 2013

You seem to be enamored with Mr Nightingale but I believe he’s already married.

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Dana Horton

5:31 pm on Thursday, February 21, 2013

Mr Nightingale is a businessman in Shelby. His business provides a valuable service to this township. He is a homeowner and a father raising a family. He is doing his civic duty as a trustee of the township.
What’s in your resume sArAh? Why don’t you run for office?
I would but I have a full time career and I wouldn’t want to be considered a double dipper.

Sarah Franklin

6:11 pm on Thursday, February 7, 2013

Here is how I look at it... You either sue the Township and follow that course of action if you feel you have been wronged.... OR ... you run for public office and try to change the system that created the alleged injustice. But you can't have it both ways. Otherwise you are the fox in the hen house-- which he is!.
In my opinion, the right thing he should have done when taking the "oath of office" and promising by that oath to put the interests of Shelby first, is to have given up his lawsuit. If you are suing the same people , at the same time you are trying to be their steward, I guess I am at a loss as to how impartial behavior rules the day That is my only beef with the guy.

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Sarah Franklin

6:41 pm on Thursday, February 7, 2013

Imagine any other level of government where you could be on both sides of the fence at the same time without the media and public going ballistic:
- What if Rick Snyder owned the Ambassador Bridge and became governer only to lobby against a competitive bridge the day he got into public office or...
- What if Mitt Romney won the presidency and requested a bailout of Staples, the company he has significant stock in and just happened to co-found?
- How does that really differ (other than scale) from Nick Nightingale suing the Township for breach of contract while getting elected to represent and sue the same folks from his Trustee position?
I still feel (in my gut) that the vast majority of taxpayers in the Township do not know this lawsuit is active, and what this guy will gain if his case wins, all while collecting a salary paid for by all of us. Even if he loses the suit taxpayer dollars are being used (my understanding at least) to defend this case, so the taxpayer really gets stiffed either way.

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John

6:59 pm on Thursday, February 7, 2013

There isn't a person alive that isn't driven by self-interest-- save you because you prove over and over you're perfect. I'm pretty darn sure Mr. Nightingale with abstain from any vote that places himself in a position that appears prejudiced.

And in so far as imagining a level of government where you could be on both sides of the fence... you really need to step into reality. Thats become the norm, not the exception.

Taxed Enuff Already

7:35 pm on Thursday, February 7, 2013

Another thread that started off as a serious discussion is being hijacked with silliness. Someone needs to get a life.

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Jenny Whalen

7:51 pm on Thursday, February 7, 2013

Lots of good points up top. What is the thought on Shelby taking over the golf course as part of parks and recreation? Any takers?

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Romney2012

11:28 am on Sunday, February 10, 2013

Shelby should take over the golf course and then they should woo festival organizers as best they can. Surely large groups of people would rent the grounds out for various non-golfing activities: Camping on the greens, Moonlight golfing, paintball, carnivals, Food fairs, competitions...

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Dana Horton

5:36 pm on Thursday, February 21, 2013

We currently have enough parks and new parks in the works to keep the dpw and parks & rec busy. This is especially true as the township workforce gets thinned out.
I also believe that we just plain can’t afford a project of this magnitude. If it was a good venture then Cherry Creek wouldn’t be at the township meeting begging for abatements and other favors from the esteemed board.

Sarah Franklin

8:25 pm on Thursday, February 7, 2013

Why???? Per our own Shelby Board, it sounds like no Southeast Michigan municipalities are successful in running this kind of business. I say stick to what one does best!

In the case of the Township they are best at letting someone else run a business and rely on collecting taxes... so "collect away" instead of giving it way on a promise and a prayer.

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Denmet2000

8:11 am on Sunday, February 10, 2013

I'll gladly pay you Thursday for a hamburger today!!

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judy Martin

5:52 pm on Sunday, February 10, 2013

Sarah,you cant change stupid,so I wont try with you,shame on you for disrespecting
Mr Nitengale,I live in Shelby and hope he wins his lawsuit,he is an honorable business man,he is young intelligent and will go far......

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Matt Guarnieri

7:04 pm on Sunday, February 10, 2013

Just my note: Nightingale bullied the board of trustees into getting the towing contract and then OVERBILLED, either deliberately or by mistake, hundreds of citizens by thousands of dollars and when asked about it, the answer given was: "none of your business" No remorse, no attempt to correct the behavior or pay people back. They then sue taxpayers to cover up their own malpractice... THIS IS NOT HONORABLE by any honest persons measure.
Remember, we do not know Nightingale personally and do not want to, we have to judge by his actions to taxpayers ONLY!! This is the true way to judge someone unbiasedly.
I am totally acceptable with the image of "gadfly" (although a gadfly would be against Cherry Creek) as long as it makes people happy. Nightingale is totally secure labeled as "crook" and "bully" (in my opinion) or he would change his actions. Just as the owners of the Citgo and Woodstock are happy with "drug dealers" as their label. (or they would have changed their actions)
Remember..... whatever you might think...."Your actions speak louder than words".
We are property tax payers in Shelby Township and we have a voice.

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Sarah Franklin

6:38 pm on Monday, February 11, 2013

Judy Martin --
Honorable????? Oh Please!!!!!!!
You must be on the Nightingale payroll to come out with an outrageous and quite mis-informed opinion like that!
Honorable is a word to use in the company of a person with unwavering moral values and strong character... NOT in the context here referencing someone who runs a business sticking the taxpayers with phoney charges... then showing up at Board meetings for the next 4 months making a total fool of himself... to then seek a public office so he can influence the outcome of a lawsuit and lobby to get his towing contract back.
SInce it doesn't bother you that the taxpayers have to pay to defend this Nightingale lawsuit... let alone pay more if it is settled out of court... let me know where to send the bill for my share of tax expenses used for this. I am sure you won't mind paying our household share since you think this lawsuit is an 'honorable cause'.

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Dana Horton

5:38 pm on Thursday, February 21, 2013

I hope he also receives punitive damages from some select individuals.

Dana Horton

3:26 pm on Thursday, February 21, 2013

Was this deal made in the best interest of the taxpayers of Shelby?
I didn’t think so either.

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Geoff Hoffman

10:40 pm on Saturday, February 23, 2013

I understand that while some board members wanted the deferral shortened to 5 years the response from the bank was that they "preferred an 8 year deferral". So the board caved and agreed to the 8 years. This doesn't make sense. If the bank said they required an 8 year deferral then I might have agreed but they only "preferred an 8 year deferral". It was really Golf Facility Inc. that wanted the 8 year deferral and an extension on the end of the existing lease agreement to make it last at least another 40 years. This will allow existing members of their aging investment group to sell their shares to younger investors. That is why this deal was done.

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