A one man grand jury convened almost a year ago to explore public neglect of duty, fraud and other misconduct allegations over the stalled Wayne County Jail project has returned three indictments, against the former county CFO, an attorney and a jail contractor.
....Sledge, who was CFO of the county from 2005 to 2013, was a Crain’s CFO of the Year honoree in 2011. She joined the county as a deputy CFO in 1995, and told Crain’s three years ago her responsibilities were evolving.
“I have to look to the future with revenues on the decline and expenses the way they are,” she said. “What the CEO needs, more than just a bean counter, is someone who can put together a strategy on how the county can stay healthy."
A report submitted to the county commissioners in June indicates that finishing the Gratiot project would cost $163.7 million plus another $29.2 million in various “nonconstruction costs” including some insurance and legal expenses, telephone and IT systems, architecture and engineering. That, plus an estimated $157 million “close-out” cost on the original project, could put completion costs at $349.9 million.
Rock Ventures LLC, the development arm of Dan Gilbert’s real estate business empire, meanwhile, has proposed to purchase the 15.5-acre site and four other sites for $50 million....
The grand jury probe is ongoing, county officials said Monday, meaning it is possible other charges will be brought.
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