You can read in greater detail how much of a mess WEDC still is at this link. This capped off an already-bad week for Scott Walker and the Wisconsin GOP, so Scotty went into full panic damage control mode, and backed off his plans to merge WEDC with the Wisconsin Housing and Economic Development Authority (WHEDA). The whole idea of merging those two agencies screamed “corruption” from the start, since the handouts for Walker contributors that are a WEDC trademark could now be combined with development plans and other initiatives that WHEDA takes part in. Add in the fact that Walker just appointed former M&I/BMO Harris Bank exec and Walker megadonor Mark Hogan as the Chair of the WHEDA Board, and perhaps these guys realized that the whole exercise was blowing up in their face, so they’re backing off this merger scheme….for now.
Via WEDC still a dirty, slushy mess @ Jake’s Economic TA Funhouse.