Thursday, November 10, 2011

Jefferson County blows up

Jefferson County filing bankruptcy:

"Jefferson County, Alabama, filed the biggest U.S. municipal bankruptcy after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart.

The county, home to Birmingham, the state’s most-populous city, listed assets and debt of more than $1 billion in Chapter 9 papers filed today in U.S. Bankruptcy Court in Birmingham
."

Article

22 comments:

Anonymous said...

Jackson take notes!

Anonymous said...

Can you say convention center hotel children ?

Anonymous said...

Councilman Twitterwell assures everyone that he is the master of due diligence.

Anonymous said...

@900, don't be stupid. A convention center hotel wouldn't produce near the amount of debt to bankrupt Hinds county.

The irony is, our water/sewer system needs a TON of work.

Anonymous said...

Man this is an ominous sign.

Anonymous said...

9:00 am here.

Not being stupid, just saying that now you have two city officials (Stokes & Lewis) who have shown poor judgement in the past moving into county positions. Will that move magically improve their thinking skills or can Hinds county look forward to the spread of blight that Jackson has become ?

Anonymous said...

The scary thing is how far the Sheriff's office will degenerate...

Anonymous said...

Twitterwell seems very self serving and a goober.. but he is better than the alternative

Anonymous said...

I don't think Jackson is in danger of going bankrupt, they always seem to find the money to rename something.

Anonymous said...

The convention center is drowning in red ink.

Ironghost said...

This will be Jackson in a few years, no doubt. May take longer, I guess.

Anonymous said...

Between the boondoggle hotel, the convention center that isn't covering debt service, the sudden move by the HindsCoBOS to immediately spend SEVENTY million$ more in bond debt to build the Byram-Clinton corridor faster, the water and sewer system collapsing underground in Jackson, monies needed to pay for Pearl River flood control and the ongoing exodus of business+people to an escape anywhere away from the staggering crime+millage of Jackson+Hinds the wilting tax base struggling to sustain Jackson and Hinds is on the verge of final depletion.

The bond pimps+pushers know their addicts are about to crash and are doing everything they can to sell them on one last fix of low interest rate drugs before Jackson+Hinds are forcibly committed to bankruptcy rehab.

Bend over Jackson and Hinds taxpayers. It is time for your colonoscopy and the news is bad.

Anonymous said...

New Sheriff and new Deputies riding into town. Department of Revenue into the Landmark ain't no done deal Pardner.

Kingfish said...

I don't feel sorry for Chase one bit. They got caught bribing Jefferson County officials, jacked up the fees, demanded their two lbs of flesh over and over. Hope they get a buzz cut instead of a haircut.

Anonymous said...

According to Jeff Good, in the article this morning, When/if construction starts on the hotel, ALL parking for the Convention Center will be lost, save for street parking. When the hotel is complete, only parking available for the Convention Center AND the hotel will be street level, since the parking garage was shelved (too costly). Good luck with that.

If By Whiskey' Moments 4 Sale.CHEAP.Dime/Dozen said...

Don't worry 2:49. Councilman Twitterwell has it all under control. As he so often tweets he knows more than you do.

Councilman Twitterwell, 11:39 AM Oct 17th
As a Councilman, I balance what the public thinks is right with what I believe best for #JacksonMS.

Anonymous said...

2:49

This made me wish I had a bridge to sell.

"Before we issue any bonds, we've got to have an idea of what the deal is going to be," JRA executive director Jason Brookins said Wednesday. "We don't have a complete idea."

Clue- Buy a clue!

From C-L story "3 projects need cash". So do I! How can I get some?

Anonymous said...

Now Watkins wants Jackson taxpayers to finance the Farish fiasco. He's got Quentin's vote in his hip pocket.

Anonymous said...

Thank god Dupree lost. He had planned to rename Jefferson County Charles Evers County.

Anonymous said...

Nice piece in the NYT today summarizing the Jeff County fiasco. There are so many similarities to Jackson it is truly scary.

http://www.nytimes.com/2011/11/11/us/bankruptcy-rarely-offers-easy-answer-for-counties.html?_r=1&hp

Anonymous said...

Jackson could raise a lot of money quickly by selling the naming rights to municipal properties like the airport.

Oh, wait.........

Anonymous said...

my my...what GREAT "leaders" the "new South" has regurgitated...



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Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


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Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

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