Will bad projects receive proper vetting? Will good projects get turned down?

The American Recovery and Reinvestment Act was signed into law by President Obama in February 2009. As early as June, the US Treasury Department had released local allocations of the recovery bonds, and in late October, Greensboro city staff was scrambling to assemble projects. In late November, the city announced a community meeting to educate potential applicants on opportunities. By then, Bridget Chisholm had already presented renderings of a planned hotel before the Greensboro Redevelopment Commission. More here.

Receiving a 35-percent break on interest on a project sounded like a win-win situation to Greensboro developer Lee Porter until he discovered the maze of regulations and bureaucracy he had to wade through to get his $1.9 million daycare facility project approved by private lenders and public boards like the Forsyth County Industrial Facilities & Pollution Control Financing Authority. More here.