I never did have a good feeling about the project and told several city councilors that the hotel will never be completed, then I hear this;
“The NMTC is a highly competitive economic development program, which incents private investments in the poorest rural and urban communities in America,†Rapoza said in a statement. “To receive NMTC allocation from the Department of Treasury and participate in the program, community development organizations demonstrate a record of financing dynamic projects that improve services such as health care, or create jobs and opportunity in communities where capital is difficult to obtain from conventional lenders.â€
Low paying hospitality jobs is hardly a good reason to give such a project tax incentives. This deal was doomed from the beginning and any city official/employee who supported this, worked on this or voted for this should be ashamed and should resign.
It’s built. The only thing to do is repurpose it. It could be a winter skate board park. How about a mausoleum? Hidden storage for impractical city purchases?
So how many of the councillors who voted for it knew about this? Did they just trust MMM’s word?
Christine Erickson
Michelle Erpenbach
Rick Kiley
Greg Neitzert
Rex Rolfing
Marshall Selberg
Northwest District Voters (Neitzert) and Southwest District Voters (Selberg)…….remember this when you go to vote in April 2020
smart thinking on triple m’s part to buy time on kelo. he surely knew that the news department would be told not to investigate a big sponsor.
scott, so true, so true……Mike has co-opted the mic, I mean KELO.
A skateboard park is a great idea DS. In the winter, they could have the fire department hose it down with water and it could used as an ice skating rink.
In larger cities they put temporary bars on top of parking ramps in the summer. I saw this one in London where they had a beer tent, bean bag toss, and a bocce court.