The man is an idiot. He has demonstrated that they do not know how to turn 130 mil into something. In business you take any amount of capital and the game is to turn it into more.
If they have nothing to show with 130 mil more will not help except to end up in the pockets of the leadership.
In socialism, you take any amount of tax money, and the game is to turn it into more gibsmedats.
The Maryland communists took 130 million taxpayer dollars, and turned Baltimordor into a city full of gibsmedats. Not a bad return on their 'investment' ...