Chinese investors here in Sandusky

Anonymous
Oct 24, 2012

My topic for this week is Chinese investors looking at investing in Sandusky.

The city states that the Chinese were in Sandusky and they were impressed with our city. The Chinese are looking at various investment opportunities; one group has already visited with a second group coming in at a later date. The Chinese can take their pick of any of the vacant buildings we have standing empty in town, but my guess is that they will go after waterfront property.

A lot of the waterfront property is owned by the city. The City Commissioners have been behind closed-doors over the purchase and sale of personal property six times this year. We hope the city is not thinking about selling off any of our precious waterfront property.

Our ports of entry are very important and these days with Homeland Security, you can’t be too cautious of what exactly is being proposed for the waterfront. The city needs to protect our port of entries.

The Chinese are purchasing land all over the United States at an increasing rate. Toledo recently sold its Docks restaurant complex to the Chinese for $2.15 million. The Chinese are also working to prepare an offer to purchase Toledo’s stalled Marina District. Toledo has spent four years marketing the Docks complex to retire $1.66 million bond to bring in revenue to help reduce their budget deficit that will reach $4.85 million this year.

Until next time, we will just have to wait and see what develops here in Sandusky. The Chinese investors deserve close scrutiny, nonetheless, of what is being proposed, how the land and waterways will be used, and whether or not we are dealing with third parties. In other words, the city will need to keep things in perspective and do a reality check when investors come calling.  

Comments

beestee

Only 18 comments to turn this into a 'blame the Democrats' story. Impressive.

EricB

This article seems to be inaccurate and quite dated, as far as the part about Toledo goes. Dashing Pacific Group Ltd.,the Chinese group that bought the Docks restaurant complex bought the Marina District land from the city of Toledo in May of 2011. Nothing has happened to the land since then. We should look at the intent of anyone interested in purchasing any high profile land.

Randy_Marsh

Moderators have removed this comment because it contained Remarks that discriminate based on age, race, religion, disability, etc..

Tourist

I don't think that asking for scrutiny should equal racism. If you read about the deals in Toledo, you will see that it has been very difficult to get concrete information about the investors from China, basically because city officials have been so desperate to get money from investors that they do not do adequate research. Additionally, it's silly to assume that people from a vastly different culture are operating under the same outlook as Americans. And finally, if you lived in a different nation and "Americans" were going to buy property and invest, it would matter who the "American" was, as to honesty, reliability, how employees are treated, etc.

Train

If the 2 or 3 whiners that have waterfront property are worried about their precious view being disturbed, why not put your money where your mouth is and buy it? Then you can do whatever you want with it. In other words, "put up...or shut up!"

T. A. Schwanger

By Terence P. Jeffrey (CNSNews.com)

October 22, 2012

U.S. Government's Foreign Debt Now $47,495 Per Household

The portion of the U.S. government’s foreign debt now owed to interests in Mainland China is about $10,090 per household.

Among foreign interests, those in Mainland China hold the largest share of the U.S. government’s debt. The Mainland Chinese, according to the Treasury, owned $1,153,600,000,000 in U.S. Treasury securities as of the end of August.

As Earl Pitts would say "Wake Up American and Train.

By Terence P. Jeffrey

October 22, 2012

T. A. Schwanger

rense.com/general85/give.htm

MAKES FOR EYE OPENING READING

totallyamazed

:-)
:-D

Dude, put the foil hat on NOW!

Dot #14 ~ China buys the old coal docks and turns it into a naval base. Plans include invading Marblehead and possibly Milan, OH (via the Milan Canal of course).

Jews, Mormons, and Chinese OH MY!!!

:-/
:-(

Randy_Marsh

Sure i get removed because of decribing asian eating habits but T A up here gets to make cracks about their eyes and gets away with it?

luvblues2

I really don't see the problem. They are just trying to use our dilapidated system of Capitalist "rich get richer" against us as we have used their "cheap labor" form of Communism against them. It's still a war. Not even close to "chess" or "the art of war". More like a checker game or tic tac toe. No one will have the final outcome to be on their side. Too simplistic.

wiredmama222

Exactly right. Very well put.

Train

@ T A Whiner...I take it that means you won't be buying up that property then?

Darkhorse

To Train: I and many taxpayers already own city property so keep your hands off our land. Go buy Apex land but leave our city property alone. We are not up for sale in the name of of unloading our debt. Nor will we sell our very soul in the name of economic developement. There is plenty of land around for sale that doesn't belong to the taxpayer. Why does everyone have to come after what belongs to the taxpayer?

luvblues2

You, in all reality, don't own anything. Not even your own waste, after a meal.

wiredmama222

AMEN

luvblues2

ANYTHING you have can be taken from you right now. ANYTHING. You don't own...

luvblues2

ANYTHING! Promise.

queenjhb

usa has borrowed so much money from china, if they call it in we collapse , but so do they. Let them invest in sandusky, its still usa soil , they cant pick it up and run w/ it. A watchdog should watch them , as they violate so many safety laws , cant let that happen here. so much water and land is contaminated already. safety for the work force and good pay are a must.

kURTje

beestee your 1rst post knocked it out-of-da-park! The same logic applies in Urine County too. Oldsters thinking they are living forever & thinking of ONLY their stacks. Their agendas only concern their advancements.

doratheexplorer

Uhm who are "the Chinese" lmbo

Randy_Marsh

If anyone would know who the Chinese were i figured Dora would.

Just Thinkin

We dont need no commies

meowmix

Maybe they can turn all the unused marshland around into rice paddies...

blackjack82

It is simply the Landlord stopping to check his property and see how the tenants are taking care of it, maybe buy the property next door too!! Keep spending money we don't have and the Chinese will be glad to be our creditor.

Kimo

Re:"In fact the Chinese are taking over this country both financially"

Take a trip to Oahu and see what's in store for the rest of the USA.....

FlyBoy86

The problem with Chinese Investors is that there isn't any transparency on where the money being invested is coming from. Chinese companies setup fronts in China to look like actual business' but really, they could be controlled by another party. Think of it the same way as Standard Oil prior to the break up. Senior started smaller companies to "compete" with Standard so they could be used to spy on other companies. I really don't know why I'm explaining this.

I have no problem with another country or nationality wanting to invest in our community. But what I do have a problem with is that we're rushing to give property away at a value well below the retail price. We don't even know who these people are let alone, the big question of, "Where is the money coming from?" It would be a shame to find out that the money is coming from a terrorist organization or from a child labour activist.

wiredmama222

Ms Johnson's comment's about protecting the "waterfront" property is the public access to said property, nothing more or less. She and Mr. Schwanger have been fighting long and hard to keep as much of the waterfront for public not private consumption and see anything that stands in their way as a total mischarriage of justice. Mr. Schwanger will quote it chapter and verse the laws that say the public MUST be given access to waterfront property as he has many times. (dont' bother TA, I have seen it before as have others).

What they do not realize is that sometimes sacrifices have to be made in the name of jobs, income and progress. The city owns land that borders on the water and yes, they can sell it to whomever they want including foreign investors. (their nationality is NOT an issue, Sharon).

If it means more jobs in this town, great. If it means giving up some shoreline to the investors to feed families in this town....you betcha!!!! Go for it.

If the City Commission and the City planner want to meet in Executive session (which is allowed for in the charter .....money matters can be discussed in executive session for the purpose of purchase or sale of property) then let them. They do not have to tell you about it Sharon, nor ask your permission.

This town NEEDS jobs. If foreing investors want to come here, let them.

The Chinese have the money to invest....so what. But be sure there are some stipulations....don't treat them any differently than you would an american company. Make them follow EPA regs.

I hope they DO invest here. Don't make it hard on them and DO NOT RUN THEM OUT OF TOWN on some "save our public access" nonsense this time. Please don't.

Darkhorse

Flyboy is correct. Just do the homework. The Chinese are strategically buying up our ports, our banks, turnpikes, and our natural resources. Read the Toledo articles closely. Right now they have our debt and they are now starting to pick this country clean because it is vulnerable and ripe for the picking. Search Project 60 in Idaho. I read where they are dealing with third parties and no one knows who they are representing. They represent a private investment group. Our counry has opened the door to citizenship in exchange for the Chinese coming over here and investing. People should be very concerned. Lets us not get too naive.

wiredmama222

The naivete would be to not limit these "investors" in what they have. My husband was telling me of an article he read in the Cleveland Plain Dealer about the Chinese having the ability to close and take over ANY American plant built or run in China because they have a Communist Party office right inside the Chinese plants in China.

When they come here, do they have that same faction? I wonder? If so, that would worry me. However, as I said before, let them come here "WITH THE LIMITS" and let them build or utilitize what they want.

Ok, tell me how this is ANY different than when WE had all the power and went to other countries and built factories and invaded upon other countries turf? Do you not think they were scared? The big American oafs setting up shop, buying land cheaper than what the natives could get it for? Where were WE getting OUR money? They probably asked all those same questions we are asking now!

It is just that the tables have turned and it is hard for us to take, isn't it?

What once was, now is no longer. We are no longer in control and it is difficult to become the begger when we were once the master....but now we are. How? Eight years of Bush, four years of Obama. That's how. And no end in sight no matter WHO you vote for in the coming election. It's a fact. This is all the fault of global economy. Trying to keep up with a WORLD ECONOMY does NOT work. We should each take care of ourselves.

We need them like they once needed us. So let them come here with the restrictions. Life swings like a big pendulum. Eventually it will swing back the other way. It just takes time.

Kimo

The same people that accuse the Democrats of being "Communists", are happy as a clam when a communist wants to invest his/her money in the area.
Mainland China does not have a republican party or a democratic party, but they do have a Communist Party.
Before any of you people accuse me of being "racist", race does not have anything to do with my concern. The ideology of the communist party is my concern. An ideology that encourages a "boys only" for newborns is an ideology we all should be concerned about. "You buy the dog, you get the fleas".

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