The city auditor's office released a statement last night regarding the audit of the Queen Mary's required capital improvements. Save the Queen appears to have failed to complete about $800,000 in required work.
The P-T will have a story on its Website later this morning, but for now here's the press release from Auditor Laura Doud:
Long Beach City Auditor Laura Doud has released the Queen Mary Capital Improvements Audit. The purpose of the audit was to ensure that operators of the City-owned ship complete certain capital improvements required under its agreement with the City. The audit found that Save the Queen (STQ) completed $2,039,000 of $2,800,000 in capital improvements required through December 31, 2008.
"This audit serves as a warning that Save the Queen has fallen behind on its obligation to improve the ship," said City Auditor Laura Doud. "However, they have represented that they will expedite improvements to this important City asset so as to meet the next deadline of December 31, 2009."
In November 2007 the City of Long Beach signed an agreement with STQ in which they agreed to make $5,300,000 of capital improvements through December 31, 2010 in exchange for the City's waiver of the percentage portion of their rent. The agreement required STQ to perform a minimum of $2,800,000 of these approved capital expenditures by December 31, 2008, and $4,300,000 by December 31, 2009.
The Queen Mary Capital Improvements Audit is available at www.CityAuditorLauraDoud.com and has been agendized for the City Council meeting on June 23rd.
I'm I the only one who finds this incredibly hypocritical? By my calculations the Save the Queen group is $761,000 short on making IMPROVEMENTS to a structure they don’t even own. Conversely, the City of Long Beach is $43.3 MILLION behind on paying its bills for a city it operates. In this current economy when a city is cutting basic services to its citizens to have that city publicly chastise a business that is paying it’s rent in a timely manner yet is only behind on improvements that will benefit that city is outrageous. It’s no wonder the city has such a business unfriendly reputation.
Releasing this report provides absolutely no benefit to either the city or STQ. Keep shooting yourself in the foot Long Beach. We here in Signal Hill are happy to take your tax dollars.
I'm I the only one who finds this incredibly hypocritical? By my calculations the Save the Queen group is $761,000 short on making IMPROVEMENTS to a structure they don’t even own. Conversely, the City of Long Beach is $43.3 MILLION behind on paying its bills for a city it operates. In this current economy when a city is cutting basic services to its citizens to have that city publicly chastise a business that is paying it’s rent in a timely manner yet is only behind on improvements that will benefit that city is outrageous. It’s no wonder the city has such a business unfriendly reputation.
Releasing this report provides absolutely no benefit to either the city or STQ. Keep shooting yourself in the foot Long Beach. We here in Signal Hill are happy to take your tax dollars.
Is this a report from 2009 or 1987 or 1968 or?
Is this a report from 2009 or 1987 or 1968 or?
Is this a report from 2009 or 1987 or 1968 or?
such an ironic report. of course the queen mary's fallen behind on improvements. look at the damn thing. it's a total wreck.