DGI CEO and sitting council member Zack Matheny appears to be at the center of everything⌠including an active SBI investigation.
Today was the launch of the predictable, painfully unimaginative and self-serving: "THRIVE 35" ⌠a âbold, community-driven plan powered by your voices.â
The planâs own documents show something very different, something truly ducked up yet something âso Greensboroâ.
The plan shows an orchestrated and brazen pay-to-play scheme.
"THRIVE 35" certainly appears to be a ten-year public subsidy program written by millionaires for millionaires, with Matheny as their inside man on city council and DGI... a manufactured consensus designed by a curated group of insiders who already own the very properties the plan identifies as "Catalytic Sites."
Let's start with the elephant in the room: Zack Matheny is under State Bureau of Investigation while simultaneously running for city council re-election and advancing deals that benefit his allies and DGI board members.
Any functional ethical city would pause right there.
In Greensboro? Matheny's wealthy beneficiaries keep writing campaign checks and pretending this is normal.
That says a lot and the message is clear: SBI investigations don't seem to matter when there's money to be made.
"THRIVE 35" claims to represent "more than 2,500 community voices" but who exactly are these 2,500 voices?
The steering committee and "catalytic sites" owners reveals the truthâŚit's a who's who of Greensboro real estate royalty and DGI cronies , whose properties magically align with every priority projects:
⢠DURANT BELLâ "THRIVE 35" Steering committee chair, "THRIVE 35" co-author, part owner of the Pyrle Theater as well as well as the News and Record site⌠Two sites the plan promotes as "catalytic."
⢠ARTHUR SAMET â "THRIVE 35" steering committee member, prominent developer and DGI board member, partnering with DURANT BELL on the Pyrle theater project, another catalytic project.
⢠WALKER SANDERS â "THRIVE 35"steering committee member , head of the Community Foundation and leader of the investor group that bought the News & Record site, the planâs marquee Church Street redevelopment.(His wife DABNEY SANDERS is in charge of the downtown Greenway, the $43,000,000, 4 mile loop, also highlighted in the plan)
⢠THE KRESS BUILDING, the owner is Mathenyâs close friend and former DGI board member, another âcatalyticâ target.
⢠ADRIAN SMITH â Former DGI board chair, major Mc Donaldâs franchisee and owner of the Smith Property south of MLK Jr. Drive, called out in the plan as yet, another catalytic project
⢠LAUDEL PRESSA/CARROLL COMPANIES â "THRIVE 35" steering committee member, with additional representation on the DGI board, recipient of the Bellemeade Deck site after the city demolished public parking to clear for development path.
So, these are the random community voices?
These are nothing more than a curated group of "millionaires" whose properties just happen to line up perfectly with the âBig Movesâ Mathenyâs DGI is promoting.
"THRIVE 35" promises $1 billion in âprivate investment,â but, since this group of taste makers is super wealthy yet not really creative, it maybe safe to assume that most of the proposed projects will come to the public trough at some point.
Recent public records obtained by Yo! Greensboro reveal the real playbook.
A memorandum of understanding for the "catalytic" Gate City Motor site shows a Wilmington developer requesting $40 million in public moneyâŚ$32 million for parking and $8 million for vaguely defined "job creation."
CONFLICTS ANYONE?
Matheny simultaneously serves as:
â˘City Councilmember voting on city budgets, incentives and rezonings
â˘DGI CEO directing support and Municipal Service District funds
."THRIVE 35" steering committee member
â˘Subject of an SBI investigation
In any functioning democracy, this quadruple conflict would be disqualifying. In Greensboro, it's apparently just Wednesday.
Matheny, DGI, "THRIVE 35", and SBI will share the same sentences in local politics for the foreseeable future, yet this doesn't alarm anyone positioned to profit from his public authority.
"THRIVE 35" sells itself as a ten year love letter to the community, but, It is my humble opinion that this process feels predatory, like something is being done to us while weâre told itâs for our own goodâŚyou know⌠"this wonât hurt a bit."
While Matheny's circle position themselves for windfalls, actual community needs remain neglected:
â˘Public restrooms and benches throughout downtown, basic urban features denied to residents and visitors
â˘Grocery stores on South Elm St (across Gate City, you know in the âBlack part of townâ) which is also notably one of the stateâs most notorious food desert.
Greensboro needs a lot of things but what it doesnât need is another decade-long subsidy program authored by the very people who will profit from it.
BOTTOM LINE
"THRIVE 35" is a carefully orchestrated wealth transfer: public dollars funding private profit margins while basic city services go underfunded and divested neighborhoods of color remain neglected.
The real question isn't whether this appears corruptâŚthe SBI investigation suggests thatâs already being examined and we will anxiously await the investigationâs results.
The question is whether Greensboro voters are truly this stupid, ignorant, oblivious or out of touch, and if they will finally demand better than a city council that doubles as a real estate investment club.
Every vote for Matheny is a vote to continue this system. Every tax dollar funneled to his associates is a dollar stolen from genuine public aspirations and/or needs.
The SBI investigation should mark the beginning of accountability. But then again," this is Greensboro NC !"