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Will Taxpayers Be Footing the Bill?

September 4, 2020 By Debbie Young

President Donald J. Trump joins John Rode and his family members as he speaks to reporters Tuesday, Sept. 1, 2020, in Kenosha, Wis. Rode, the retired owner of Rode’s Camera store which opened in 1911, met President Trump at the site of store’s burnt remains destroyed in recent rioting. (Official White House Photo by Shealah Craighead)

Local reporters at the Minnesota Star Tribune published a devastating report, in which it detailed demolition costs from the riots that have left Kenosha reeling. The riots have caused significant economic, emotional, and environmental losses to businesses.

These costs far exceed what insurance companies will pay and what business owners can afford. Not taken into account is the cost to rebuild.

From the Star Tribune:

Like dozens of other investors whose properties were severely damaged in the May riots, the Kim family was stunned to discover that the money it would collect from its insurance company for demolition won’t come close to the actual costs of doing the job.

Most policies limit reimbursement to $25,000 to $50,000, but contractors have been submitting bids of $200,000 to $300,000. In many cases, the price of the work is not much lower than the actual value of the property, records show.

President Trump announced this week at a roundtable discussion: “We are going to get Kenosha back in shape, and we’ll get it very quickly,”

Trump announced $1 million in federal aid for the Kenosha Police Department, $4 million to help small businesses rebuild. He also announced $42 million for public safety across the state of Wisconsin, including for police and prosecutors, reports Fred Lucas in The Daily Signal.

Wisconsin Gov. Tony Evers agreed (finally) to call up the state’s National Guard to quell the rioting in the city.

Learn more about BLM and the Marxist agenda to transform America in 2020 and burn the place down from Rudy Giuliani and Ron Paul. And read about how many Americans have been duped by the BLM movement and its terrorist leaders.

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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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