Quote:
Originally Posted by phil235
Companies do those calculations, but they don’t tend to share them as it is competitive information. And as I mentioned, timing and location are important. The purpose of those plans is to incentivize development in a particular area that is struggling. Even if something is theoretically viable, that doesn’t mean that it will necessarily be built soon or in that location. The point is to spark development in the near term.
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Clearly the area isn’t struggling, as the same hotel got built without the taxpayers’ subsidy.
So the lack of corporate welfare delayed the project by a few months at most?
If companies don’t want to divulge their financial information for a project they shouldn’t be in the corporate welfare business.
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