News

City Council's Handing Out Money Today

By Robert Wilonsky Wed., Oct. 14 2009 at 10:58 AM
Categories: News
deloitte_poster.jpg
​We're in the midst of a staff meeting, but The News' Rudy Bush, of course, is at City Hall keeping tabs on the council's doings. And this morning, he offers two updates on items that first appeared on Unfair Park. First off: The council unanimously approved to give Deloitte LLP the $2 million it wanted to stay downtown after it threatened earlier this year to hightail all of its local operations to Irving. According to The News's City Hall reporter, Ann Margolin said, "The economic model is very conservative and shows over 10 years the employees should bring about $8 million to the city."

But Margolin wasn't so fond of the idea to give Forest City almost $18 million extra in tax incentives to redo the Continental Building -- which, you may recall, was part of the package way back when then-Mayor Laura Miller went to bat for the Cleveland-based developer on behalf of the Mercantile. Rudy writes that Mayor Tom Leppert thinks the city needs to cover what the private sector can't ... yet. As in, "Clearly, we're dealing with some challenges that weren't invested in long ago. We're trying to kick start that."
Email to Friend
Print Article

We Recommend

My Voice Nation Help
0 comments
  Livefyre
Sort: Newest | Oldest
VOICE Daily Deals

Slideshows»

Retail

General

More >>
©2013 Dallas Observer, LP, All rights reserved.
Browse Voice Nation
  • Voice Places Dallas / Fort Worth

    Voice Places

    Find everything you're looking for in your city

  • Happy Hour App

    Happy Hour App

    Find the best happy hour deals in your city

  • Daily Deals

    Daily Deals

    Get today's exclusive deals at savings of anywhere from 50-90%

  • Best Of

    Best Of...

    Check out the hottest list of places and things to do around your city