Since the DEMS are all hiding in the tall grasses today {Problem-what problem?} some predictable responses-
SS Savage; "Thanks to my new unified development team we now have a wonderful inn that takes in $9,200 and spends $26,000 EVERY MONTH."
From DVR/Banana "It's lies all lies! Besides Death Ray will go after the losses. The renaissance continues."
From Death Ray "This was all done by the previous leadership. The fact that we did nothing in 6 years is of no consequence. We knew nuthin-we saw nuthin."
Doesn't matter, creates jobs. $$$$$ is no object, as the folks in Malta will soon find out with Globals request for a further tax break because of all the jobs they bring. Their foot is in the door now and they have the locals/State right where they want them. They are in the bargaining position. It's not like with all thats invested will be yanked out Forget the per employee cost to the taxpayer. Jobs equal votes.
Doesn't matter, creates jobs. $$$$$ is no object, as the folks in Malta will soon find out with Globals request for a further tax break because of all the jobs they bring. Their foot is in the door now and they have the locals/State right where they want them. They are in the bargaining position. It's not like with all thats invested will be yanked out Forget the per employee cost to the taxpayer. Jobs equal votes.
Money is no object when government can just have the Fed turn on the printing presses again, loan the state some cheap money, cut the value of our savings in half by inflating the dollar, then the taxpayer can pay off the loan with our inflated dollars. We get it from both ends, decreasing our savings by inflation, then paying the taxes with our inflated dollar to repay the borrowed money. People think that if we just had the "rich" pay their fair share, the middle and lower class wouldn't continue to feel as if they were on a treadmill(never getting ahead). As long as the rich are in line for that first dollar off the press, their standard of living will remain rich, while the rest get the inflated dollars and will be able to purchase less.
I feel sorry for those people about to retire...They thought they had 20 years worth of retirement savings, with this inflation of the dollar, they will be lucky to make it 5 years. The dollars saved over their lifetimes are worth a fraction of what they were worth when they earned them during their working years.
What jobs? 3 new hot dog jobs created outside DSS to feed the growing crush. Metrograft and the working together DEM morons keep making up job creation numbers. The Parker Inn created 3 room service jobs. With all the disinformation in the air Schenectady County still has the highest unemployment in the area. At some point someone from the press will ask how many jobs has Death Ray lost while flushing $100 MILLION in taxpayer funds on the "arts" and governmental gin mills.
Oh well, big whoop, it's only the taxpayers money, right? You're happy---you haven't been paying for it out of your pocket.
And what is your position about the taxpayers having already funded this and the taxpayers will have to take a loss, just as they took a loss on the VAndyck, just as they have taken a loss on their trash pickup, loss on condition of roads, loss of snow plowing, etc
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
The Parker Inn has been in financial trouble for years. Where was the oversight? Who was watching out for the taxpayers?
Where were all of the conventions that were promised? Where were all of the out of towners? Where were the Lion King folks?
Now they are proposing apartments????? How can the owners spend even MORE money to turn it into apts, when first there is no demand for them and second, they owe back taxes? The owners are clearly a financial risk since they were well aware for YEARS that they were headed for financial ruin. If the private banks want to take the risk........have at it!!
However, back taxes should be PAID IN FULL FIRST!!! And the plex should be seeking reimbursement of the taxpayer's money they recklessly 'gave away'!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
So Why Don't The City Just Eminent Domain it First With the Superior Use Clause Before The Needed Apartment transfer. Give a Call to That President of American Tax Funding that Seems to do What the City Wants? Then, The City Just Needs to find a More Trusted Corp NEWLY FORMED OR NOT to Hand Millions too? I'm Trying to Explain This to My Kid ???
Remember this blast from the past? The question is??? Did the 4% bed tax put the Parker Inn out of business? OR did the 4% bed tax fund the great Proctors theater, the bedrock of the drunks and arts district that has made the Savage Miracle Mile possible?
How long before Morris shows up to the County Legs with hat in hand?
Quoted Text
County ups Proctor’s bed tax take
Jessica Harding 10/03/07 The Schenectady County Legislature voted to amend the bed tax law at a special meeting Tuesday, Sept 25.
Anyone who stays at a hotel or motel within Schenectady County is charged a 4 percent tax. A percentage of the revenue is given to Proctor’s Theater. At Tuesday’s meeting the legislature voted to cap the amount of money Proctor’s receives from the bed tax to $200,000 for the next 15 years.
Last year Proctor’s received $175,000 from the bed tax and is expected to receive close to $200,000 this year. Over the course of the agreement Proctor’s is expected to receive close to $3 million.
The county’s bed tax law was first enacted in the 1985 as a way to save the deteriorating Proctor’s Theater.
“The bed tax money sometimes meant the difference between success and failure,” Proctor’s chief operations manager Dan Sheehan said.
The Schenectady County Legislature has given Proctor’s $1.5 million toward its $30 million renovation project including $450,000 at the last regular meeting.
At the meeting, two county residents said they weren’t happy about the Legislature’s actions in spending public money to fund a private business.
Kevin March of Rotterdam said the revenues generated through the bed tax could go toward property tax relief in a community with some of the highest taxes in the country.
Ron Renaud, a Rotterdam business owner, said while governments are looking to be charitable, doing so with other people’s money isn’t charity; it’s theft.
“If private businesses don’t do so well, then the public has spoken,” he said. “It is not the responsibility of the county to be charitable with other people’s money.”
The Renaissance isn't coming -- the Renaissance has already begun. Keep up the great work - Mr. Gillen and Metroplex.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
The Renaissance isn't coming -- the Renaissance has already begun. Keep up the great work - Mr. Gillen and Metroplex.
The tax relief isn't coming......the highest taxes in the state are already here!!! Great job Mr. Gillen and Metroplex!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Very few were listening to the train that was headed down the tracks at them in the dark. Now it is too late to dodge the path of the locomotive. We are all in the mess and the politicians are still spending and taxing.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
The Renaissance isn't coming -- the Renaissance has already begun. Keep up the great work - Mr. Gillen and Metroplex.
I think you know I mean this in a non-inflammatory way...
Could you name some things that would have to happen for you to see that maybe just maybe, Metroplex is a dismal failure?
Something specific and measurable?
For instance - in two years tax revenues up 5% while tax rates flat or lower?
My point is that we all have our beliefs, some quite strong, and we can be blinded if we don't continually challenge ourselves, asking "Am I wrong here?" So I'm wondering what would, in the future, make you change your mind?
The Renaissance isn't coming -- the Renaissance has already begun. Keep up the great work - Mr. Gillen and Metroplex.
Explain "great work"
Is it greet work that after giving MILLIONS to the Parker in that the taxpayers have lost their money in this venture? DV HOW did this hotel help the city???? It is a FAILURE....I DEFY you to provide proof that has helped the city.
Expalin DV, what is this renaissance?????
Is the renaissance the bankruptcy and the closing of many taxpayer funded businesses? Is the renaisssance the term to use in the creation of THEE ABSOLUTE HIGHEST TAXED city around, in one of the highest taxed countries in the whole nation????????? Is the renaissance the people putting their homes up for sale? Is the renaissance the SUBSTANTIAL INCREASE in criime, especially violent crime Is the renaissance the SUBSTANTIAL LOSS of vital essential services to the homeowners and residents of the city Is the renaissance the SUBSTANTIAL POOR condition of the roads and sewers in the city?
Tell us DV, tell us what the resnaissance is. Tell us what the renaissance has done for the city - remember, the city is NOT the few blocks around downtown. The city is the Mt Plesant area, the Northside, the Eastern Ave area, Hamilton Hill, Bellevue, Vale area, Central STate St., Woodlawn, the Stockade, to name a few. Tell us what the so called renaissance has done for the city???????
Tell us how the LOSS of sales tax is a good thing? Since the loss of sales tax revenue results in the financially struggling hoomeowner occupants having to pay higher taxesk tell us DV, tell us how is a good thing?????
Can you EVER provide an explanation of HOW the tens of millions of spending downtown, combined with the some of of the beneficiaries of tax money going belly up, how is that GOOD for the taxpyers, the residents of the city. Can you EVER explain it?
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Parker Inn owner drops 'Lofts' plan Financial problems prompt hotel owner to sell his stake in a $5M Schenectady condo, retail project By LAUREN STANFORTH Staff writer Published 12:01 a.m., Monday, June 6, 2011
SCHENECTADY -- Parker Inn owner Chris Myers, who just recently filed for Chapter 11 bankruptcy and owes the Schenectady Metroplex Development Authority more than $650,000, is tied to another development project downtown that is now up in the air.
Metroplex announced in September 2008 that Myers was helming a $5 million condo and retail project on the corner of Union and Barrett streets called Lofts at Union Square, and that he was eligible to apply for a $500,000 Metroplex loan, as well as grant money for the new building's facade.
In August, Myers told Metroplex that he was transferring the project to his brother, Jeff, who runs a home building company based in Cohoes. Now the Myers brothers have another development company interested in the project, but a sale has not been finalized, Metroplex chairman Ray Gillen said Sunday.
Gillen stressed that Metroplex has given Chris and Jeff Myers no money for the project, and that if another company took over, the authority would have to review the plan all over again.
"Chris's other financial difficulties made it hard to get the financing he needed for this project," Gillen said. "He decided to sell this project and move it on."
Chris Myers confirmed Sunday he had transferred the project last year to his brother, who runs Sheltertherm Builders. Jeff Myers couldn't be reached for comment. Gillen said Chris Myers recently went to the city's planning commission to extend the project's approval for another year.
Chris Myers filed for reorganization under Chapter 11 May 27 on behalf of Parker Building LLC, saying the corporation is $1.4 million in debt. Metroplex struck a deal with Myers in 2001 to turn the inn next door to Proctors theater into a 23-room boutique hotel and provided him with a $800,000 loan, of which he still owes $683,912. Myers has said he now wants to turn the inn into apartments.........................>>>>............................>>>>.........................Read more: http://www.timesunion.com/defa.....50.php#ixzz1OUT5ntpW