The Az Star reports that Oro Valley Repeals Hotel Incentives. One may ask why our government ever felt it necessary to give away hundreds of thousands of OUR money to the El Conquistador Resort.
The answer is this: To entice the Ritz-Carlton here in the early '90's, the town committed to give them a portion of the bed tax revenue. The El Con Resort said, "What about us?" The Council said, "Sure--you too can have a giveaway."
Bottom line: Ritz never showed up. They opted for Dove Mountain in Marana. The El Conquistador continues to rake in the bed tax through 2010.
Hopefully, this nonsense has now stopped. Even Mayor Loomis has come to his senses, saying: "Such incentives are no longer applicable." Were they ever applicable?
Read the Az Star article here.
http://www.azstarnet.com/sn/85737/215793
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