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NEW: Doherty Raps Cicilline Over Providence Loan Fund

Thursday, July 19, 2012

 

Republican Congressional candidate Brendan Doherty is taking Congressman David Cicilline to task for his role in a Providence loan fund that federal authorities say lacked “adequate oversight” during a ten-year period from July 2001 through last June.

“Rhode Islanders have been aware for some time that then-Mayor Cicilline failed the residents of the City of Providence and misled voters in an effort to get elected to higher office,” Doherty said. “The scandal surrounding the Providence Economic Development Partnership is another example of the Cicilline Administration’s fiscal mismanagement of the City of Providence.”

Last fall, GoLocalProv first reported that a quarter of all loans issued by the PEDP were at least 90 days past due, leaving the city with little hope of collecting millions it was owed. Last month, 29 loans were written off by the PEDP, leaving the city stuck with a $2 million tab.

UPDATE:

Cicilline spokesman Eric Hyers released the following statement:

"Brendan Doherty knows it is easier to throw around reckless and irresponsible allegations than it is to engage in an honest debate and defend the things he wants to do in Washington, like repeal health care reform, undermine women's reproductive rights, and support the Tea Party-backed Republican leadership that wants to keep tax breaks for companies that outsource American jobs, coddle big oil and end the guarantee of Medicare."

 

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Comments:

Eric Hyers is so clueless...you have to love how he said everything to change the focus of the issue, and failed to say that the statements by Doherty were untruthful...mainly because Doherty isn't lying. Cicilline is a liar and a crook and a cheat who allowed all of this to go on under his watch. I hear around half the loans issued by PEDP are past due now. Gotta love these crooked politicians gambling with the taxpayers money!!

Comment #1 by Russ Hryzan on 2012 07 20

Doherty has every right to criticize Cicilline for his mismanagement of the PEDC during his eight year "reign" as Mayor. The HUD report is quite clear where the responsibility for PEDC's inappropriate spending and poorly conceived loans rest with, who else, Mr. Cicilline and former planning director Thomas Deller.

Question is, where is Cicilline's Democratic challenger? The silence from his campaign is startling. Each day it becomes clearer and clearer, Mr. Gemma squandered a golden opportunity to present a viable alternative to the floundering Cicilline. Unfortunately, this has been the campaign that never was.

Comment #2 by Harold Stassen on 2012 07 20

Interestingoy enough, the PEDP (formally thr PEDC) has been around for a long time, do some research, and go back to the very early 90's! How do you think MOST of the restaurants on Federal Hill were funded? Who was the mayor back then? Not excusing Cicillini, however, explore the group from the beginning!

Comment #3 by Janet Jones on 2012 07 20

David Cicilline and Brendan Doherty ... peas in a pod.

Comment #4 by Charles Drago on 2012 07 20




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