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.