I support business and believe in the free-market system, but giving money to wealthy developers could lead to some very serious problems, one being fraud and the other is bribery. I have to point out that Greg Drobot is the son of Michael Drobot and Greg has not been charged with any crime. Click the links below to three different articles and ask yourself if Urban Renewal is a good idea? ......Rob T.
On Friday, the US Department of Justice announced that Michael Drobot, 69, had pleaded guilty to running a sophisticated operation centered around spinal fusion surgery. Federal and state officials say Drobot submitted more than $500 million in fraudulent workers compensation claims over a five-year period for surgeries performed at Pacific Hospital in Long Beach, which Drobot owned until late last year. For a time Pacific Hospital performed more spinal surgeries than any other hospital in California.
Chart of the Calderon Family and how the scam worked...
$2 million investment will employ at least 10 people
May 17, 2012 11:00 am
At a special meeting last week, the City Council approved the terms of a lease with a developer who plans to build a new cheese factory at the site of the former Bandon Cheese Factory.
Face Rock Creamery LLC owner Greg Drobot is excited about the new venture and hopes to begin construction as early as June, he said the meeting. He plans to put at least $2 million into the project.
Drobot, son of Michael Drobot, who built The Colony condominiums on Beach Loop Drive at the site of the former Ocean View Care Center, ---
Under the terms of the lease, the rent will be waived by the city for Face Rock Creamery for 20 years. In lieu of rent, the tenant will pay 1 percent of any gross revenues between $1 million and $2.5 million and 2 percent of any gross revenues more than $2.5 million.
City leaders backed local developer ...
1 Jan 2013 [cached]
City leaders backed local developer Greg Drobot's idea to open a new cheese factory to be called Face Rock Creamery. ... That's when Greg learned about Craft3. Craft3 is providing Greg with loans for the construction of the cheese factory and retail store, and to purchase production and retail equipment. Soon the new Face Rock Creamery will be making great dairy products and bringing jobs and visitors back to Bandon.
Nonprofit helps fund Face Rock Creamery
by Jennifer Janda | Dec 27, 2012
Craft3 announced its investment in Face Rock Creamery in Bandon.
Drobot had the right team in place. But there were problems securing financing to make the project a reality. Start-up capital for rural businesses is hard to find.
“The banks are extremely difficult to deal with if you’re a startup, and unless you’re a business with a long track record of financials it is damn near impossible to get a loan,” Drobot said.
That is when he learned about Craft3, a non-profit lender. Craft3 specializes in lending to businesses unable to access financing from traditional sources.
Craft3 is providing Drobot with loans for the construction of the cheese factory and retail store, and to purchase production and retail equipment.
“We are excited to support Greg and his efforts to bring a cheese factory back to Bandon,” said Adam Zimmerman, Craft3 executive vice president. “The addition of Face Rock Creamery to the community will strengthen the economic resilience of the region.”
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