  Matt Member Username: Matt Post Number: 1058 Registered: 10-2003 Posted From: 68.42.170.148 |
Granholm spokeswoman Liz Boyd said two of the projects requiring urgent attention are in Detroit, the Book-Cadillac Hotel and another she wouldn't identify. http://freep.com/apps/pbcs.dll /article?AID=/20060610/BUSINES S06/606100365 I'm kind of curious as to how the small business tax works it's way into the financing for the BC. Also curious as to what other project Granholm wouldn't mention. | ||
Pjazz Member Username: Pjazz Post Number: 38 Registered: 04-2005 Posted From: 70.236.145.162 |
Dumping the SBT means the funds that it generated can not be used. I imagine some of those funds are used for tax breaks on building projects. Cutting it most likely will generate some type of sales tax we have to pay to offset that money loss also. Something they hardly ever mention. | ||
Apbest Member Username: Apbest Post Number: 100 Registered: 03-2006 Posted From: 68.40.65.66 |
legislation that guarentees BC development? I could go for that lol | ||
Eric_c Member Username: Eric_c Post Number: 770 Registered: 11-2003 Posted From: 69.212.172.29 |
This is bullshit. Get that fucker going, already. | ||
Burnsie Member Username: Burnsie Post Number: 437 Registered: 11-2003 Posted From: 35.12.20.202 |
Guess the following wasn't the "last piece" after all. Figures. ------------------------------ --------------- Freep April 29, 2006 "The City of Detroit's Police and Fire Pension Fund has approved a $15-million investment in the ...Book-Cadillac Hotel. "George Jackson...said the fund's approval...is the final piece needed...to finance the work. A financial closing is expected in the next several weeks, with construction work to begin immediately." | ||
Futurecity Member Username: Futurecity Post Number: 295 Registered: 05-2005 Posted From: 70.236.176.118 |
Grandstand is low. It's funny how cleverly she picked on a project near and dear to our hearts and tied it to the potential ending of the SBT. Grandstanding at its finest, rather than anything even close to leadership. | ||
Slows Member Username: Slows Post Number: 136 Registered: 01-2005 Posted From: 69.246.28.200 |
This really isn't grandstanding. If the Book doesn't have the SBT tax credit than the developer will need to find another source of financing to come up with the shortfall. Luckily it seems that both sides recognize this and hopefully they can come to some agreement to keep this part of the financing in place. | ||
Bob Member Username: Bob Post Number: 1024 Registered: 11-2003 Posted From: 152.163.100.8 |
I wonder what Dick DeVos has to say about this? | ||
Livernoisyard Member Username: Livernoisyard Post Number: 834 Registered: 10-2004 Posted From: 69.242.223.42 |
Granholm: Rob Peter (taxpayers) to pay Paul (some connected, greedy developers). | ||
Matt_the_deuce Member Username: Matt_the_deuce Post Number: 648 Registered: 10-2003 Posted From: 69.14.248.252 |
Oh, how Republican of her. | ||
Livernoisyard Member Username: Livernoisyard Post Number: 836 Registered: 10-2004 Posted From: 69.242.223.42 |
Oh, there are also plenty of greedy tort attorneys and school teachers, among others, feeding at the public trough. How Democrat of her... | ||
Lmichigan Member Username: Lmichigan Post Number: 3847 Registered: 10-2003 Posted From: 24.11.154.56 |
I am a Democrat and can even see this is a stunt. lol | ||
Lilpup Member Username: Lilpup Post Number: 1098 Registered: 06-2004 Posted From: 69.130.18.100 |
you can call it a stunt if you what to, but replacing that $$ is a very legitimate question (unless you can come up with acceptable cuts totalling that amount - good luck!) | ||
Lmichigan Member Username: Lmichigan Post Number: 3849 Registered: 10-2003 Posted From: 24.11.154.56 |
I'm not saying that the stunt doesn't mean that there isn't a real problem. It's more of an observation than anything else. I'm tired of people not calling things for what they are. I'm completely with Jenny on this one in that there is no way we should remove the SBT unless we have a solid backup already in place. | ||
Nellonfury Member Username: Nellonfury Post Number: 162 Registered: 03-2005 Posted From: 68.43.156.135 |
...........(me shaking my head)................... ...........(me getting up and fix a sandwich)..... ...........(me coming back to my computer)........ ..(me leaving the Book Cadillac Financing In Jeopardy forum). | ||
Danny Member Username: Danny Post Number: 4266 Registered: 02-2004 Posted From: 141.217.174.235 |
Now you see about your LEADERS in Michigan. They talk and they do NO action. Why bother voting for them? (Message edited by danny on June 12, 2006) | ||
Mind_field Member Username: Mind_field Post Number: 575 Registered: 10-2003 Posted From: 67.38.18.195 |
Mark my words, the Book Cadillac project will NEVER happen. It will be demolished after sitting vacant for another 10-20 years. That's pretty sad. | ||
Apbest Member Username: Apbest Post Number: 104 Registered: 03-2006 Posted From: 68.40.65.66 |
thats one hell of a contribution if I do say so myself why and why? | ||
Bob Member Username: Bob Post Number: 1027 Registered: 11-2003 Posted From: 64.12.116.204 |
The sad thing is we have come so close to having the Book-Cadillac rennovated, it could be something that really pisses voters off if it does not happen. | ||
Lmichigan Member Username: Lmichigan Post Number: 3853 Registered: 10-2003 Posted From: 24.11.154.56 |
Who? I hate to say it, but outside of us few urban enthusiast, the majority of Detroiter's couldn't really care less about what happens downtown. In fact, many resent the what's happening downtown. Let's get real, here. This isn't that large of an issue in the grand scheme of election year politics. | ||
Haydenth Member Username: Haydenth Post Number: 126 Registered: 05-2005 Posted From: 69.214.180.143 |
Just give it time. The Fort-Shelby renovation seems like it's pretty much a "go". If that goes well, then it will be much easier for the Book-Cadillac to get financing. It's a BIG building that's going to cost a lot of money. There is a TON of risk in this investment, since there is not a whole lot of experience with large scale hotels (outside of the Rencen) in downtown Detroit in the past 20 years. Not to mention the slow degradation of the real estate market and raising interest rates. I have a feeling this renovation will happen during the next monetary cycle when rates are falling again. It's just too risky now. | ||
Danny Member Username: Danny Post Number: 4272 Registered: 02-2004 Posted From: 141.217.174.229 |
The SBT program could killed Granholm chances to remain governor in Michigan. Granholm needs to ger rid of the SBT program right away and bring the our state ecomony back up to its feet. | ||
Mallory Member Username: Mallory Post Number: 16 Registered: 05-2006 Posted From: 207.230.140.240 |
Like so many times before, the BC will sit and rot further. I said from the start, until I see scaffolding all over that building, I will never believe in its rebirth actually coming to fruition. You know the old saying about once bitten. | ||
Livernoisyard Member Username: Livernoisyard Post Number: 842 Registered: 10-2004 Posted From: 69.242.223.42 |
How does throwing taxpayer money on losing white elephants like the BC really help Detroit? Few, if any, of the older non governmental downtown buildings were built with taxpayers' money. Investors used their funds and borrowed what they could. But the taxpayers weren't looted. Why doesn't the "arts and croissant" crowd contribute or invest in such dubious projects themselves and quit whining all the time when the money's not coming? (Message edited by LivernoisYard on June 12, 2006) | ||
Eric Member Username: Eric Post Number: 483 Registered: 11-2004 Posted From: 35.11.210.161 |
It's seems Crains did a story saying the financing might come together this week. Anyone care to summarize the full contents of the article? | ||
Merchantgander Member Username: Merchantgander Post Number: 1873 Registered: 01-2005 Posted From: 207.91.250.131 |
The SBT is only 8.5 mil of the 179 mil project. | ||
Dabirch Member Username: Dabirch Post Number: 1570 Registered: 06-2004 Posted From: 208.44.117.10 |
That's a pretty concise summary. short article? | ||
Bob Member Username: Bob Post Number: 1028 Registered: 11-2003 Posted From: 205.188.116.137 |
That would seem like a minor delay while they secure different funding. | ||
Dabirch Member Username: Dabirch Post Number: 1571 Registered: 06-2004 Posted From: 208.44.117.10 |
The thread title is misleading. I thought they finally had some Detroit questions on the game show. | ||
Merchantgander Member Username: Merchantgander Post Number: 1874 Registered: 01-2005 Posted From: 207.91.250.131 |
I am to lazy to breakdown all the funding sources and dollar amount of each. The SBT is what the thread is discussing so that is all you get. | ||
Itsjeff Member Username: Itsjeff Post Number: 6114 Registered: 10-2003 Posted From: 208.27.111.125 |
The Brownfield SBT is $8.9 million. The Historic SBT is $7 million. (The state historic tax credit is given against the SBT) That is $15.9 million or 9% of project budget. Anyone who thinks a 9% gap is "minor" is mistaken. I don't understand why the preservation community has not rallied around this issue and is not raising holy hell. The credit they fought so hard to expand a year or two a go is about to vasnish. Here's an issue that FOBC and Preservation Wayne could press that would be of benefit. Yet thundering silence so far. | ||
Itsjeff Member Username: Itsjeff Post Number: 6115 Registered: 10-2003 Posted From: 208.27.111.125 |
I hope everyone understand that the elimination of the SBT without a replacement tax WILL stop development in Detroit cold in its tracks. Period. No ifs, ands or buts. The benefit gained is no where near enough to encourage development in Detroit. The State will take a 20% revenue hit and services will be slashed including revenue sharing. This state will become Mississippi without the charm. | ||
Dabirch Member Username: Dabirch Post Number: 1572 Registered: 06-2004 Posted From: 208.44.117.10 |
...or the weather. | ||
Merchantgander Member Username: Merchantgander Post Number: 1875 Registered: 01-2005 Posted From: 207.91.250.131 |
Itsjeff the article breakdowns down all the funding under the heading: Single Business/Brownfield tax Credits Hotel $7.4 Condos $ 1.1 The article could be wrong or there could be more SBT rolled in with the other funding sources but not sure where you get 15.9 mil. Also think the only funding affected by a change in legislation is the SBT credits. | ||
Dougw Member Username: Dougw Post Number: 1178 Registered: 11-2003 Posted From: 136.2.1.153 |
Here's a link to the article (which may only be for subscribers)... http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2006 0612/SUB/60609029/-1/toc An excerpt from the end of the article with the financial breakdown:
| ||
Gistok Member Username: Gistok Post Number: 2295 Registered: 08-2004 Posted From: 4.229.105.37 |
Well there ya have it.... they won't need any money from the wine and cheese crowd after all... | ||
Gambling_man Member Username: Gambling_man Post Number: 760 Registered: 11-2003 Posted From: 199.178.193.5 |
Jeff, the SBT (IF it goes away, and it is a big IF) will be replaced at least mostly, with another form of tax, the legislature and the governor have both forgotten how to cut costs. (Forget the fact that they have forced every other municipality in the state of Mich to do just that, while they have been INCREASING their take) Likely that they will also pass the ability to utilize a credit on the new taxes, whatever they may be. | ||
Gambling_man Member Username: Gambling_man Post Number: 761 Registered: 11-2003 Posted From: 199.178.193.5 |
Also, I just noticed that 2.5MM is coming from the developer. Not a significant investment at all. I'm assuming Mr. Ferchill himself isn't on the hook for any of the debt.....Does anyone have any information to the contrary? | ||
Eric_c Member Username: Eric_c Post Number: 771 Registered: 11-2003 Posted From: 68.76.202.10 |
Keep in mind that every delay will cause someone in that myriad list of finance sources to become just that much more doubtful about their investment in the project. This sucks. | ||
Merchantgander Member Username: Merchantgander Post Number: 1876 Registered: 01-2005 Posted From: 150.198.138.127 |
http://www.detnews.com/apps/pb cs.dll/article?AID=/20060613/B IZ/606130349 | ||
Itsjeff Member Username: Itsjeff Post Number: 6117 Registered: 10-2003 Posted From: 69.242.213.167 |
Merch, I have already indicated that state historic tax credits are taken against the SBT. State historics have to be added to the brownfield SBT. | ||
Mallory Member Username: Mallory Post Number: 17 Registered: 05-2006 Posted From: 207.230.140.240 |
No offense, but I gotta laugh. Like I said in my previous post, until the building is covered in scaffolding, keep dreaming. We've heard this time and time again. The relic has been closed for 20 years, and in all that time, we hear all these great stories about its refurbishment, but it NEVER happens. Something always screws it up. I would like nothing better than to be proven wrong, but let's not get too excited. That said, how much are tickets for New Years Eve 2009 in the BC ballroom? I'm there! Hopefully... | ||
Merchantgander Member Username: Merchantgander Post Number: 1877 Registered: 01-2005 Posted From: 150.198.150.244 |
Mallory where is all the excitement in this thread? I see a discussion about funding sources and the project being delayed. | ||
Lilpup Member Username: Lilpup Post Number: 1102 Registered: 06-2004 Posted From: 69.129.146.186 |
It really sucks that this thing might come undone over a snag that's less that 5% of the total package. | ||
Itsjeff Member Username: Itsjeff Post Number: 6118 Registered: 10-2003 Posted From: 69.242.213.167 |
Mallory, honey, the grownups are talking now. If you don't have anything of substance to add, maybe you should go play with your Barbies or something. | ||
Llyn Member Username: Llyn Post Number: 1560 Registered: 06-2004 Posted From: 68.61.197.206 |
Maybe someone posted this and I just don't have the patience to go through all the posts, but the gov and state legislature are working to pass a bill that guarantees the current SBT tax credits no matter what happens to the SBT. The BC was mentioned as an example. I'm sure something will pass that will resolve the current tax credits obligations. The question is what will replace it for future projects. (On the side, the SBT really needs to be replaced with some other kind of business tax or whatever. The SBT has to be the worst tax on business ever invented.) Mallory, simply because the building hasn't been refurbished yet doesn't mean it never will. It's actually very close to starting, and if the tax credit issue is resolved and other financing is in place there is no reason to think it will be delayed any longer. <----- Likes to think he's a grown up... but probably won't ever be... | ||
Fnemecek Member Username: Fnemecek Post Number: 1691 Registered: 12-2004 Posted From: 70.225.113.87 |
That depends on whether or not construction workers vote. If they do, it's an election issue because a whole bunch of them stand to get jobs when the financing is done. | ||
Fnemecek Member Username: Fnemecek Post Number: 1692 Registered: 12-2004 Posted From: 70.225.113.87 |
Actually, it's $2.5MM that Ferchill is throwing in cash plus another $12.5MM that they are borrowing to buy more equity in the project. | ||
Gambling_man Member Username: Gambling_man Post Number: 762 Registered: 11-2003 Posted From: 199.178.193.5 |
And "they" are.....Ferchill LLC? If so, good luck to the bank trying to get that money back if the deal goes south. Although I doubt very much if First Independence would loan 12.5MM without some security. PS, Isn't Ferchill a fairly successful developer? If he thinks it is such a good deal, why only come up with 2.5MM in cash? | ||
Jmil Member Username: Jmil Post Number: 1608 Registered: 12-2003 Posted From: 68.252.124.26 |
Tear that schitt down already. Lovely spot for a parking lot. I'd love to see the real numbers of wasted time/money over the last twenty years on this pipe dream. Somebody call Kevorkian so we can put this building out of its misery. | ||
Jasoncw Member Username: Jasoncw Post Number: 179 Registered: 07-2005 Posted From: 67.149.141.170 |
Everytime I see this thread I think of jepardy the tv show, lol. | ||
Nellonfury Member Username: Nellonfury Post Number: 163 Registered: 03-2005 Posted From: 68.43.156.135 |
ALEX: A 22 year old vacant building in the City of detroit wants to be redeveloped......NellonFury. NELLONFURY: What's the Book-Cadillac? ALEX: That's correct. NELLONFURY: Ren Cen for $100 please.... | ||
Haydenth Member Username: Haydenth Post Number: 138 Registered: 05-2005 Posted From: 68.252.132.194 |
That was the lamest thread ever. | ||
Nellonfury Member Username: Nellonfury Post Number: 164 Registered: 03-2005 Posted From: 68.43.156.135 |
Whatever Haydenth. | ||
Mallory Member Username: Mallory Post Number: 23 Registered: 05-2006 Posted From: 207.230.140.240 |
Itsjeff, sorry I thought this was America. I am entitled to my opinion. I think YOU are the one in Dreamland. For someone like me who LOVES the CofD, I am tired of getting my hopes up for a renewed BC, only to have yet another snag derail the whole thing. I'm the one who defends the city when so many of our suburbanite brethren continue to bash downtown. How many times have we been told that there will be new life for the BC and have our hopes dashed? All I'm saying is, I'm tired of it. How many times have you been to the BC back in the day? I can't count personally, how many dances I attended in the ballroom. Now, to look at the pictures posted on the ruins page kills me. Itsjeff, we're on the same side with this. My whole point? LET'S GET IT DONE ALREADY!!! BTW, I put my Barbies away when they killed off Ken. Bastards! LOL | ||
Hamtramck_steve Member Username: Hamtramck_steve Post Number: 3009 Registered: 10-2003 Posted From: 136.181.195.17 |
Ken's dead? When? | ||
Itsjeff Member Username: Itsjeff Post Number: 6121 Registered: 10-2003 Posted From: 208.27.111.125 |
Itsjeff, sorry I thought this was America. I am entitled to my opinion. Great. My opinion is that you should save your opinions for threads where they are relevant. We were having a serious conversation here involving investments and tax credits. For some reason you felt the need to chime in with, "Keep dreaming everyone, I gotta laugh... bla bla bla." It pissed me off because serious conversations are so rare on this forum any more. | ||
Mallory Member Username: Mallory Post Number: 24 Registered: 05-2006 Posted From: 207.230.140.240 |
Itsjeff, I totally agree, and with this, let's unite. You know what I am saying, and obviously you are as passionate as I am. Yes, it "seems" that all of the ducks are in a row, but doesn't it always figure that one "card" gets removed and the whole house falls apart? It happens far too frequently in a number of projects in CofD, and THAT is the issue that needs to be addressed. It is your passion and my frustration that are maxed on this issue. Rock on, brother. | ||
Itsjeff Member Username: Itsjeff Post Number: 6122 Registered: 10-2003 Posted From: 208.27.111.125 |
Crap, I didn't think you'd get all reasonable on me. Now where am I going to vent all my anger? Huh?? | ||
Andyguard73 Member Username: Andyguard73 Post Number: 82 Registered: 03-2006 Posted From: 141.209.33.145 |
Ducks in a row? Card houses? Mallory that was too many metaphors in one sentence for me to handle!  | ||
Burnsie Member Username: Burnsie Post Number: 440 Registered: 11-2003 Posted From: 35.12.20.180 |
Usually I don't like to cut and paste so much at once, but I think it's nice to read some facts after all the usual B.S. that this thread has devolved into. Read this and you'll see that there is indeed a good faith effort happening as we speak to keep the B-C project on its feet. From michigan.gov: HB 6183 passed 6/14/06; given immediate effect Roll Call # 686 Yeas 105 Nays 0 Companion bills SB 1301 & 1302 introduced 6/13/06 Analysis: ------------------------------ ------------- CONTINUE SBT CREDITS AFTER SBT REPEAL House Bill 6183 Sponsor: Rep. Glenn Steil, Jr. House Bill 6184 Sponsor: Rep. Fulton Sheen Committee: Tax Policy Complete to 6-13-06 A SUMMARY OF HOUSE BILLS 6183 AND 6184 AS INTRODUCED 6-8-06 House Bill 6183 would amend the Single Business Tax Act so that taxpayers eligible to claim credits for brownfield redevelopment and historic preservation projects completed after the SBT Act's repeal could claim those credits in the taxpayers' final tax year under the act. House Bill 6184 would create a new act known as the Credit Preservation Act that would enable SBT taxpayers to claim the brownfield credit and historic preservation credit in the same manner as provided in House Bill 6183. Brownfield Redevelopment Under the Single Business Tax Act, a "qualified taxpayer" with a preapproval letter issued by the Michigan Economic Growth Authority between 2000 and 2007 can claim a credit against the tax for brownfield redevelopment projects, as long as the project is completed within five years after the preapproval letter is issued. The credit is generally equal to either of the following: · 10 percent of the eligible investment costs, if the total credits for the project are less than $1 million. · A percentage of eligible investment costs, up to 10 percent, determined by MEGA, if the total credits for the project are more than $1 million and $30 million or less, and the project is located in a qualified local governmental unit. House Bill 6183 specifies that a qualified taxpayer with a preapproval letter issued before December 31, 2006, for a project that is not completed before the date on which the SBT Act is to be repealed, but is completed before January 1, 2010, could claim the credit on the return for its last tax year under the act. The credit would be taken after all other credits in that tax year, and could not exceed the amount the taxpayer would have claimed for the 2008 or 2009 tax year for projects completed in those years. The credit would be refundable. Historic Preservation The SBT Act also provides taxpayers with a credit against the SBT equal to one-quarter of any "qualified expenditures" – generally meaning capital expenditures that qualify for a similar rehabilitation credit under the federal Internal Revenue Code – for the rehabilitation of an historic resource. (The SBT credit is reduced by the amount of the federal credit.) House Bill 6183 provides that a qualified taxpayer that has a rehabilitation plan certified before December 31, 2006 for the rehabilitation of a historic resource for which a certificate of completion is not issued before the date on which the SBT Act is repealed, but is issued before January 1, 2010, could claim the credit on the return for its last tax year under the act. The credit would be taken after all other credits in that tax year, and could not exceed the amount the taxpayer would have claimed for the 2008 or 2009 tax year for rehabilitation projects completed in those years. The credit would be refundable. FISCAL IMPACT: These bills would allow brownfield and historic preservation single business tax credits for tax years 2008 and 2009 to be taken before the single business tax is repealed. These credits average $60 million annually, but can vary widely between years. All single business tax revenue accrues to the General Fund/General Purpose. These bills would have no direct local fiscal impact. | ||
Llyn Member Username: Llyn Post Number: 1563 Registered: 06-2004 Posted From: 68.61.197.206 |
House votes to keep tax credits if SBC is eliminated. Bill headed to state senate. It looks like the potential obstacle won't remain an obstacle for long. Bring on the B-C! http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2006 0614/REG/60614007/1011 itsjeff, opera is for straight jocks who drive pickups with gun racks and "Moral Majority" bumper stickers. Stone Cold Llyn Austin - Anger Non-management Counselor | ||
Llyn Member Username: Llyn Post Number: 1564 Registered: 06-2004 Posted From: 68.61.197.206 |
Damn Burnsie... | ||
Fnemecek Member Username: Fnemecek Post Number: 1695 Registered: 12-2004 Posted From: 69.213.205.227 |
I haven't seen the paperwork for the loan but I know that, in general, the lender can go after any of the borrower's assets if they defaulted on a loan.
Like most developers, the bulk of their cash is tied up in real estate developments. They make more money that way then would by keeping it sitting in a bank; waiting for a deal like the B-C come along. Quite frankly, I'm suprised at how much cash they're putting up. | ||
Mallory Member Username: Mallory Post Number: 26 Registered: 05-2006 Posted From: 207.230.140.240 |
Andyguard73 - I just don't want to see the Book'ie crumble. OK, I'll stop now. God that was awful. | ||
Andyguard73 Member Username: Andyguard73 Post Number: 95 Registered: 03-2006 Posted From: 141.209.33.145 |
(crickets chirping) | ||
Bvos Member Username: Bvos Post Number: 1550 Registered: 10-2003 Posted From: 66.238.170.38 |
I didn't see a question on the B-C last night. Who thought there was supposed to be a question on it? Ba-dump, crash! | ||
Tetsua Member Username: Tetsua Post Number: 662 Registered: 01-2004 Posted From: 68.61.194.237 |
http://www.freep.com/apps/pbcs .dll/article?AID=2006606170350 | ||
Burnsie Member Username: Burnsie Post Number: 450 Registered: 11-2003 Posted From: 35.8.218.198 |
Bump. Surprised nobody's commented on this article yet. | ||
Royce Member Username: Royce Post Number: 1641 Registered: 07-2004 Posted From: 69.208.36.74 |
OK, sounds like the B-C is good to go. What more needs to be said. Yay! | ||
Gistok Member Username: Gistok Post Number: 2323 Registered: 08-2004 Posted From: 4.229.81.78 |
As I read back thru the threads I am amused by those that complain about their tax dollars being wasted on the BC project..... pennies when compared to how many thousands each of us has had to fork over in tax dollars for a war in a far off land, or to that $15 Billion big dig in distant Boston. At least you will one day be able to go to the Westin Book Cadillac, check out the opulence restored that you chipped in a few bucks to help pay for, sip on a Martini, and enjoy the atmosphere... (Message edited by Gistok on June 19, 2006) | ||
Fnemecek Member Username: Fnemecek Post Number: 1700 Registered: 12-2004 Posted From: 70.236.164.96 |
Yep, plus don't forget all of the millions that would've have to had been spent demolishing or all of the tax revenue that will come into the public coffers from the new jobs that are created by the re-opened B-C. All in all, it's a great deal. |
