Quote:
Originally Posted by urban_encounter
Yeah I think any subsidy on the city's part would be a mistake. The city already contributed to the G1C and recently approved millions of $$$ towards renovation of the Convention Center and Community Center Theater. It's time they allowed the market to dictate hotel construction.
Now if they want to consider tax breaks or tax deferments to help Saca (or whoever) then that might be worth considering but Saca is probably looking for a lot more than tax breaks.
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Agreed - I have no problem with the city subsidizing affordable housing and getting people living on the grid. Subsidizing an office tower or high-end condos though, absolutely not.