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re: FOIA Request: Who did Joe Jaeger call at the Governor’s office?
Posted on 4/30/19 at 9:21 pm to Ice Cold
Posted on 4/30/19 at 9:21 pm to Ice Cold
quote:
If you say so, but he single-handedly (not an exaggeration) forced the state to revisit the sweetheart deal Harrah’s was getting last year, and he was about to get royally screwed if Topgolf went forward on the river.
He has called out the NOEHA when they deserve it, and they don’t like that because they think they’re untouchable. They are sitting on piles of cash and doing nothing with it except disrupting business on CCB with the linear park project, targeting competing private businesses, and refusing (until now) to distribute tax revenue equitably.
So in return he gets millions of dollars in tax incentives to build a 1200 room hotel that’s not needed?
2
Posted on 4/30/19 at 9:25 pm to tgrbaitn08
quote:
The debate has left the proposed hotel project — which would receive about $100 million in direct subsidies, plus other tax breaks — in limbo.
The proposed Omni hotel would have 1,200 rooms. The Bureau of Governmental Research, a critic of the project, has estimated the total value of the subsidies and tax breaks sought for the hotel at $330 million in today's dollars.
Posted on 4/30/19 at 9:45 pm to tgrbaitn08
He doesn’t get those tax breaks. They go to the bottom line and reduce the cost of building and operating the project. The convention center will own the entire development, not the developers. The development team earns fees, and in any event he’s not on the team anymore.
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