.

No. They Can't *Both* Be Right

Business plans rarely, if ever, change that drastically, that quickly. Something ain't right, friends.

I don't know what all is going on here, but these documents contradict each other. Badly. And Importantly.

The PowerPoint was presented to the school board by the mayor, vice mayor, the developers, and some consultant(s) on July 17th.

It shows the entire tax abatement going towards the developers' bottom line - a difference of $240,000 in the first year.

Just one month later, on August 17, the Application With No Applicant, unless you consider "TBD" to be an applicant, had this to say:

"This incentive will be passed on to the tenants by the company and will not be retained by the company."

If that were the case, the top (revenue) line of that PowerPoint would have changed. But it didn't, did it?

Business plans rarely, if ever, change that drastically, that quickly.

Something ain't right, friends.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Garry Kanter October 08, 2012 at 01:42 PM
While you all are arguing about stuff you have no control over, I'm working hard over hear, trying to make CH a better place!!!

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