More from Amanda Lehmert's Marty Kotis "incentive grant" Facebook thread
George Hartzman; Amanda Lehmert and Brian Clarey, please explain how Marty's incentive grant is such a great idea; [no answer yet]
Company seeks $2,871 each for higher paying 31 jobs, after Marty Kotis received $44,559 per "speculative" low paying job from City Council
What kind of successful retail business would have about seven low paying "full time equivalent" jobs next to a highway interchange and a waste water treatment plant, that Marty was/is/just opened on Battleground Avenue across from the movie theater?
Greensboro's tax rate, compared to Charlotte, Durhan, Raleigh and Winston Salem
If Marty's property was worth $1.1 million, and the publicly funded highway comes through, which might not happen, and he opens a taxpayer subsidized Sheets or comparable gas station, the value may pop to somewhere around $4 million.
We gave $312,000; At .6325 cents per year, the city should make its money back in [at least 17 years]
$1.1 million - $4 million = $2.9 million x $0.6325 per $100 = $18,342 per year more in Greensboro taxes, in exchange for 7 low paying, no to little benefit jobs and big profits for whoever ends up owning the land and the business if Marty sells out for a nice profit.
$312,000 / $18,342 = 17 years before Greensboro's taxpayers get their money back, not including interest that could have been made on the money if it wasn't thrown at this not in the best interests of Greensboro's taxpayer's incentive grant.
$312,000 @3% over 17 years = $515,688.46
So not only did we give away $312,000 to line Marty's pockets, we'll lose another couple hundred thousand at least by not still having the money.
City Council rolled Greensboro's taxpayers like a donut.
If Marty had dug a well and it broke, who would be in charge of fixing it, compared to a city based system?
Who is now charged for law enforcement, fire protection and inspections now?
And then the low paying jobs can get more public assistance, so Marty can maximize profitability even more via everyone else's money
Foodstamps Are Corporate Welfare
Some of the conversations between Marty Kotis and George Hartzman on his free water sewer outside Greensboro's city limits
Same thing only different;
How much have the Vaughan's received from Cone Mills/Wilbur Ross for free methane from the City of Greensboro?
A couple interesting threads on Marty Kotis and his purchased minions
Posted by g at 12:19 PM