Monday, July 14, 2014

About Walker's WEDC/Airplane Loan Scandal...

Being reported on recently - - no jobs, no ground-breaking, missed loan payments, so pretty much a boondoggle and a stinker - -  I'm just saying I had my doubts in January, 2012 as I previewed Walker's upcoming State-of-the-Mismanaged-State-Speech
He'll also tout as a personal victory his role in luring a small airplane plant to choose Superior over a site in Maine  - - but will not dwell on the need for more than $100 million in state subsidies that originate nearly entirely with the evil Obama/Big Federal administration, or the highly-speculative, boom-and-bust nature of the small-plane, corporate-flying SUV business.
And as I'd added in a blog comment discussion about the same time:
I used to cover aviation issues at the Old Journal. So-called General Aviation is a very risky business.  
Litigation, insurance and the overall economy makes any new, small-plane venture very very tenuous.  
There has been talk of companies making small, flying SUV's, but fuel prices, fewer fliers and aging boomers ruled it out.
I wouldn't bet on it. 
JANUARY 20, 2012 AT 11:15 PM

4 comments:

Gareth said...

After a long wait, Kestrel finally has a product, a social media web site:

Kestrel Aircraft Launches Social Media Communication Initiative - Kestrel Aircraft

Pt said...

They owe the state 4 million$ and have defaulted on their loans.

Jake formerly of the LP said...

Funny, the J-S is burying this, just like they buried the. "WEDC tax credits given to companies who outsource" story.

Couldn't have anything to do with WEDC being a J-S Newswatch sponsor, could it?

Gareth said...

Mike Ivey has a follow-up to the Kestrel story with a link to a publication in Maine:

Report: WEDC-backed Kestrel had financing issues in Maine before moving to Wisconsin : Ct