I agree with others that it seems unjust to increase taxes on everyday city residents by 2-3% every year while giving huge tax breaks to the already rich. But, if this program is in place, we can't fault the developer for wanting to take advantage of it. I'm sure we'd all do the same if a program was available for us whereby we could pay lower taxes.
Having said that though, I think we need to kill all these tax grants. They're just not fair.
More importantly, if Alt Hotels is getting a $13M tax break here, then they could sure as hell give us something a little better looking in exchange!!!
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