Back last November a simple no cost midtown garage refinance was going to save Hoboken millions. (Does the number $4.5 million ring a bell?) The financing savings alone would net $50,000 to the City while the bond payments concluding at the exact time as the existing bond - a true no brainer.
But based on MORTe's posture at the council meeting, MSV already knew it was dead. MORTe was angry the hospital had not been killed earlier after seeing it in a coma and was hopping mad. They were angry no one bought their cover they "saved" the hospital, angry the mayor succeeded in her arduous efforts to do so exactly that and livid Governor Christie had interfered when they voted down a $5.5 million bond coming to the rescue the next day and saying he wasn't going to allow their petty politics to kill over a thousand jobs and see a hospital closed. MORTe was sure it had pulled the plug on the hospital the night before and the patient would never recover from the coma.
MORTe expected to blame the mayor for the hospital's closure, crippling the city's budget and forcing Hoboken into bankruptcy. They were gleeful and eager to play that card and their operatives were none too bashful about saying so. (Recall Hoboken411 announcing the hospital DOA before the City Council meeting?) Occhipinti had one of his typical outburst passing the buck saying aloud, "It's not our deal." Michael Russo was reported to angrily echo the same thought when told the hospital was going to be killed by that action.
It was Russo's own mother who told Church Tower residents in the hall at that critical council meeting on the bond to salvage negotiations with the hospital creditors/unions, "Why should we give them the money? They'll just close it anyway."
Here's 20 seconds of Franz Kabuki Theater:
Back to our Franz romance. As Da Horsey can smell out a vote better than an organic carrot in the neighborhood, we can see this simple refi is deader than dead even before the council discussion begins. Franz Paetzold is up talking about its merits but we've seen that drill before too. He knows the vote is going to go down the tubes and so it's like free Ch. 78 commercial time. He can pretend he's speaking in favor of common sense to advance himself politically knowing full well it won't make a bit of difference to the Old Guard who hold the votes to see it fail. The vote is in the bag and this refi saving Hoboken a small fortune is deader than dead.
Knowing this, Da Horsey snaps off a few photos as Franz does his kabuki dance when we become engaged with Tim Occhipinti in non-verbal banter. Signaling the refi is dead out of the gate we give Occhipinti the "it's dead" thumbs down sign. Occhipinti smirkily acknowledges its fate nonverbally back. This has been decided in advance among MORTe - none of them are going to give the required sixth vote for passage so Hoboken can save millions. That's too useful for Hoboken and would help the mayor do her job.
Getting that feedback from Occhipinti, we acknowledge his confirmation and give him the thumbs up. It's followed with the old finger across the neck meaning you're cutting Hoboken's throat. To this, Occhipinti merely smiles.
Neither Tim Occhipinti or Da Horsey knew the cameraman was shooting wide angle and captured any of this on film. Without Franz's kabuki theater YouTube channel none of this may have happened.
So thanks Franz for bringing this to Da Horsey's attention on your YouTube channel.
Talking Ed Note: Friday evening Franz Paetzold showed MSV his Shipyard rental checks over months and his previous payments to his old rental at 333 River. He's clearly paying market rent so anyone who claims otherwise is incorrect.
Franz is of the stated belief he can inch the Old Guard toward common sense good governance. That belief is wrong based on any objective review of recent events. You don't change the Old Guard. You knuckle under aka Timmy Occhipinti and then they allow you to rubber-stamp their old, dark ways. With enough obedience they may put you up for mayor to be their new Peter Cammarano.
There is no bridge to be linked. It's just a divide with Hades nestled between. One day perhaps Franz Paetzold will accept it. It won't be today.
It'll come after it's too late when the Feds sweep Hoboken.