It’s all good for some people.
City council just approved a deal that will give the developer of an $18 million downtown hotel $5.24 million dollars in tax rebates.
Business as usual
The cast of characters involved in the deal tells us a lot.
The land was made available when the Texas Workforce Commission decided to close a call center downtown. Our former city manager is the head of the local Texas Workforce Commission.
Our former mayor is a consultant on the project. When he was in office he had difficulty managing his financial people and thus we were a financial wreck when the new city manager took control. Now evidently he is a financial guru. In Let them eat cake Cato wrote about the ex-mayor trying to lobby the city even though doing so was illegal.
The fix was in
When the developer bought the land he told the Inc that a hotel was not in the near future.
According to a July 20, 2015 El Paso Inc. article the developer was going to wait before building the hotel:
“Convention center hotel is way too premature,” he wrote. “Bond projects need to be finished or close to finished and bookings of conventions needed before a convention hotel can survive.”
As far as I know they have not even started on the big downtown bond projects. It looks like the deal finally got good enough. Hard work pays off again.
We deserve better