09-23-2021, 03:11 PM
There is an extensive amount of investment being paid out by the developer. This includes large sums of money to remove the dilapidated old structures, which more than likely also contain asbestos. This project will revitalize a very blighted area and provide a hundred plus union construction jobs during the process. The resulting hotels will be employing union workers as well.
In most of these leases, property taxes are then paid by the lessee during the term of the lease. State, County and local folks will all benefit from this.
In most of these leases, property taxes are then paid by the lessee during the term of the lease. State, County and local folks will all benefit from this.