Where Is The Anger From Madison City Council Over $1.1M Genesis Enterprise Center Loan?

There must be some frank talk at tonight’s meeting of the Madison City Council.  The matter regarding Genesis has brewed for a long time, but there still needs to be answers.   LOTS OF THEM!

That no answers are forthcoming should infuriate those on the council who can bloviate about everything under the sun.  I look forward to seeing how the council will talk around this issue.

The Madison City Council is scheduled to decide Tuesday whether to forgive $1.1  million in loans to the Genesis Enterprise Center amid questions about where  money loaned to the financially troubled business incubator has gone.

The nonprofit entity associated with the enterprise center, Genesis Development  Corp., hasn’t filed required tax forms with the IRS since the 2007 tax year,  according to GuideStar, which tracks U.S. nonprofits. The forms are designed to  disclose payments to top officials, income and other financial information.

And the question remains: Where did all the money go?

Efforts to reach Jones, who also serves as Genesis’ attorney, and executive  director Richard Harris were unsuccessful Monday. Harris did not return an email  and phone call. Jones didn’t respond to two voice messages. In his letter to the  mayor, Jones said forgiving the loan would help ensure the center’s fiscal viability.

In March 2008, Harris told the State Journal he earned $2,000 a month from  the enterprise center but planned to eliminate his salary on Dec. 1, 2008 in a  cost-cutting measure.

At the time, Harris also earned $2,000 a month from the Genesis Social  Services Corp., another related entity with city and county contracts to provide  a variety of services to poor clients and ex-offenders.

Soglin is supporting forgiving the loans because they likely are uncollectible.

Might Mayor Soglin be also pissed enough to find out where the money floated off to?