The Az Supreme Court CityNorth decision will be announced tomorrow morning at 10:00AM. We will all know whether the court will uphold the Appellate Court ruling that basically said the Gift Clause violates the Arizona Constitution.
The Goldwater Institute filed the law suit against Phoenix Mayor Phil Gordon after he opted to give Klutznick Co. an out of state developer $97.4 million of future sales tax revenue for what may have been some municipal parking spots in Phoenix's CityNorth development.
We in Oro Valley know all about these giveaways, as under Mayor Loomis's inept leadership, we committed to give a few retail developers millions of our sales tax revenue.
The Vestar lawsuit reported in today's Az Star is the 2nd suit. It follows the one by the Oracle Crossing developer filed in Dec. 2008.
Read the Star article here.
http://www.azstarnet.com/business/local/article_62ab7a67-c29d-500b-88c0-d201145d77cc.html
2 comments:
I am not sure that I am right about this or not, but didn't the taxpayers vote to approve this vestar agreement.
Yes Chuck, the people of Oro Valley did approve the Vestar deal. Ask most of them what they think about what we got for our money, and they'll tell you----Nothing of much value.
Ask them how would they vote today, and you'll get a much different result from that of a few years ago.
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