According to the CV. Luzerne County Commissioner Greg Skrepenak and former Commissioner Todd Vonderheid expressed their regrets on the recent news that Judge Mark Ciavarella and Judge Michael Conahan were on the take for placing kids in the PA Child Care facility in Pittston Twp.
What they need to explain is why did they approve a $58 million, 20-year lease for the facility when all sorts of red flags were being raised by then Controller Steve Flood and the PA Dept of Public Welfare. Who the hell signs a 20 year lease for anything?
Luzerne County Juvenile Detention Center Analysis has a great rundown.
Papers filed in the Luzerne County Courthouse indicate that Pennsylvania Child Care took out a $10 million loan through S&T Bancorp in Indiana, Pa., to finance the detention center project.If you calculate $10,000,000.00 at a 10% mortgage interest rate for 20 years it would cost PCC $23,160,521.88 in total payments including interest. Using the figures presented PCC stands to make more than $35 million on this lease since the prevailing interest rates would be less than 10%. Receiving $58.1 million total compensation is absurd.
8 hours ago