$5 Million-Windcrest to Pay Developer's Taxes
Remember the $5 Million figure during the Rackspace deal? Now we have another $5 Million figure in an MEIA. Sounds much like a con or a repeat fiasco.
Reads: If BCAD denies Springbrook Senior Living Development Investors tax abatement request, Windcrest will pay it for them!
Reads: If deemed appropriate by the city for "service to and protection of the occupants of the project, Springbrook Developers will pay up to $5 million. Lots of holes in that little statement. You might think it says something, but there is nothing concrete at all.
This "Resolution" is bad for Windcrest. The Springbrook Senior Living Development Investors need to just build the project all by themselves.
Reads: If BCAD denies Springbrook Senior Living Development Investors tax abatement request, Windcrest will pay it for them!
Reads: If deemed appropriate by the city for "service to and protection of the occupants of the project, Springbrook Developers will pay up to $5 million. Lots of holes in that little statement. You might think it says something, but there is nothing concrete at all.
This "Resolution" is bad for Windcrest. The Springbrook Senior Living Development Investors need to just build the project all by themselves.
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