3:26 pm
Mon August 19, 2013

Pontiac to go back to elected officials

The city of Pontiac has been in a state-declared financial emergency for four years.
Pontiac - After four years of being under a state-declared financial emergency, the operation of the city of Pontiac should be returned to its elected officials on recommendation of its third appointed emergency manager Louis Schimmel. On Monday, Schimmel, who had been in charge of the city's finances for nearly two years, sent a letter to Gov.
12:18 pm
Tue December 4, 2012

Michigan's film credits don't produce promised jobs

A New York Times report on Michigan’s credit for film production finds it has not produce the jobs promised. The Times report on a studio built in Pontiac is part of a series on business credits and incentives and their impact on job creation. In Pontiac the studio was built on the site for a former General Motors’ facility. The report finds that the studio reported only 12 employees last year. There were other temporary jobs in areas such as construction. But an emergency financial manager appointed to oversee Pontiac’s finances says the credit diverted needed revenue.
The studio, a state-of-the-art facility fit for Hollywood blockbusters, had risen from the ruins of a General Motors complex here. It was the brainchild of a small group of investors with big plans: the studio would attract prestigious filmmakers, and the movie productions would create jobs and pump money into the local economy.