John Shirey: Master of Disaster

Steven Greenhut: As head of the California Redevelopment Association, John Shirey helped lead many local cities into a deep fiscal pit based on the redevelopment borrow-and-spend policies that promised great windfalls from these crony capitalist deals. Shirey was smart when it came to his own career, and he jumped ship shortly before redevelopment hit an iceberg. It’s fitting that the CRA announced that it would be shutting its doors the same week that Shirey, now city manager for Sacramento, was at a press conference announcing that the Sacramento Kings arena deal he helped put together had collapsed. The team’s owners argued that the deal was based on “highly overblown” financial projections that would push Sacramento to the fiscal brink. Call him the master of fiscal disaster, and call Sacramento a city of fools for hiring a man with this track record.

APRIL 14, 2012

 

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  1. Claire Voyance
    Claire Voyance 15 April, 2012, 12:37

    California needs more journalists like Mr. Greenhut and his colleagues who have the courage to expose these public parasites.

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  2. Claire Voyance
    Claire Voyance 15 April, 2012, 12:41

    I’m sure he and Da Mayor like to “Make It Rain” with taxpayers’ money.

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  3. Beelzebub
    Beelzebub 15 April, 2012, 15:24

    Had the King’s owners cooperated and moved forward with the city officials to build the stadium and essentially destroy whatever fiscal solvency currently remains for the City of Sacramento, Mayor Johnson, Shirey and all the other government cronies would have jumped all over themselves to finalize the agreement and leave the citizens twisting in the wind. Wow. I guess the heroes here are the Maloofs who nipped it in the bud and errected the middle finger. If I lived in Sacramento I would contact the Maloof organization first thing tomorrow morning and thank them from the bottom of my heart. I don’t think the citizens of Sacramento have any clue of the favor that was done for them here. Finally, a happy ending! 🙂

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