City, alliance offering loans to arts groups that may not be eligible for traditional loans
– Jack Heffernan, The Register-Guard
In tandem with the nonprofit Arts and Business Alliance of Eugene, city of Eugene officials have announced they will offer loans to arts-related organizations, businesses and artists who often cannot get traditional bank loans.
Depending on factors such as project size and the amount of money the program has, loans will range from $5,000 to $50,000 each, city officials said in a statement…
We Respond & Your Comments
We love art. We have art in our homes. But we object to the City Council grabbing money we worked for and “loaning” it to their pet “artists.” Here’s why…
These groups can’t get “traditional”, or bank loans. Why? Because they’re lousy credit risks.
Would our mayor or city councilors loan their own money to strangers who’re lousy credit risks? Stupid question. But they’re itching to loan them our money. Maybe because it’s no big deal to them if they lose it.
Our City Council may fantasize that they’re the Medici clan tossing coin to Leonardo da Vinci so he can paint the next Mona Lisa. They’re not. They’re elected officials who confiscated money we earned to manage our city (think potholes). It’s time they doff their 15th century velvet Italian robes and funny hats and do the jobs we elected them to do.
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