In his letter of Sept 12 to The Explorer, Phil Gibbs asks, what will be if the Goldwater Institute lawsuit ultimately prevails in the courts. It's a legitimate question in light of the fact that Oro Valley handed out some $50 in incentives. Anyone care to respond?
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What will Oro Valley do?
The Goldwater Institute has initiated a lawsuit against the city of Phoenix and its mayor over the $100 million “Economic Development Agreements” Phoenix gave developers.
It is said that this lawsuit, if it prevails, may be retroactive and will make all of the EDA’s granted by Arizona towns be rescinded.
The Town of Oro Valley has granted EDA’s totaling over $50 million. I ask, what is the town’s liability and what does the Town Council intend to do if the EDA’s are rescinded?
Phil Gibbs,
Oro Valley
1 comment:
The whole issue of EDA's possibly being against our State Constitution should be a real immediate concern for our town.
How will this ruling be applied to current or existing EDA's?
Hopefully the Goldwater Institute wins this case.
Surely our town council and officials
should be in support of a win for the Goldwater Institute.
Imagine the possibility of the town keeping all of our sales tax revenue!
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