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Jaime Herrera
Edmond, OK
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It's better to do something with the vacant Farah building than to do nothing. Simon Properties, of course, wants no competition. That's understandable. The City can approve the tax rebates at a lower level (if it wants to) and lose nothing in the process. Eighteen million over ten years is not a lot to pay for a development which will boost economic development substantially. If the Cielo Vista residents have no objections, I won't mind having a very, very small shortfall in the City budget because of this. When all the numbers are added up, it should, at worst, be a wash, and at best, a revenue-boosting enterprise. Good luck with this - you're going to need it.
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El Paso Citizen
San Diego, CA
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I am really concerned aboout how corrupted are both the city of El Paso and Mr Foster.
Payin the Neighborhood Association to back up a project! AMAZING!
I wonder who else Mr Foster OWNS!
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El Paso Citizen
San Diego, CA
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I am really concerned aboout how corrupted are both the city of El Paso and Mr Foster.
Payin the Neighborhood Association to back up a project! AMAZING!
I wonder who else Mr Foster OWNS!
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Paul Foster
El Paso, TX
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At least I am doing something to clean up this town.
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TAX Hike cRook
El Paso, TX
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El Paso Citizen wrote: I am really concerned aboout how corrupted are both the city of El Paso and Mr Foster.
Payin the Neighborhood Association to back up a project! AMAZING!
I wonder who else Mr Foster OWNS! He just bought a $12 Million dollar condo in New York City -- CrOOK is giving him tax break for the RICH !!
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Melvin
El Paso, TX
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It is great to hear you poor whiners crying over the success of Mr. Foster. This man went from practically nothing to a billionaire because he is smart, successful, and yes, honest. Good for him! That is the American Dream! Unless you are a democrat... Look at what he is doing for El Paso. How can you honestly knock the guy? The Farah property needs cleaned up and re-developed. He is willing to do so. Tax incentives are given all the time for situations like this all over the country. This is not Mexico... No matter how much they want it to be.
And who cares if he made an investment in New York Real Estate!!?? How do you think "rich" people get, and keep their wealth? By investing! Poor, unsuccessful whiners looking for government handouts are the ones who have a problem with this issue. Which is kind of ironic really... Can't live without your government handouts, but can't stand to watch someone else get some?
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Nacho
El Paso, TX
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Jaime Herrera wrote: It's better to do something with the vacant Farah building than to do nothing. Simon Properties, of course, wants no competition. That's understandable. The City can approve the tax rebates at a lower level (if it wants to) and lose nothing in the process. Eighteen million over ten years is not a lot to pay for a development which will boost economic development substantially. If the Cielo Vista residents have no objections, I won't mind having a very, very small shortfall in the City budget because of this. When all the numbers are added up, it should, at worst, be a wash, and at best, a revenue-boosting enterprise. Good luck with this - you're going to need it. If the luxury mall is such a good investment, why does Fosterneed $12 Million dollar tax break ??? Maybe to pay for the $24 Million condo he just bought next to the Time-Warner Building in New York ??
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Melvin is an IDIOT
El Paso, TX
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Melvin SUCKS wrote: It is great to hear you poor whiners crying over the success of Mr. Foster. This man went from practically nothing to a billionaire because he is smart, successful, and yes, honest. Good for him! That is the American Dream! Unless you are a democrat... Look at what he is doing for El Paso. How can you honestly knock the guy? The Farah property needs cleaned up and re-developed. He is willing to do so. Tax incentives are given all the time for situations like this all over the country. This is not Mexico... No matter how much they want it to be.
And who cares if he made an investment in New York Real Estate!!?? How do you think "rich" people get, and keep their wealth? By investing! Poor, unsuccessful whiners looking for government handouts are the ones who have a problem with this issue. Which is kind of ironic really... Can't live without your government handouts, but can't stand to watch someone else get some? "whiners looking for government handouts ... " -- who is looking for the 10 year,$12 Million Handout ?? Paul Foster that's who !! Let's examine the FACTS of how he has skrewed the Stock Holders of Western Refining ! He is NOT successful in managing other peoples money, or Tax breaks for the Rich !!
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Tax Man
El Paso, TX
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How much money is the city making now on taxes from that building? How much will it make after the tax break incentive expires. Do the math. This Foster plan is great for El Paso. Our city and county government is dumb. Just look what they did to Western Playland, now better than ever. If I were to bring business to the El Paso Area, I would go to Sunland Park myself. Hell the casino was paid off in just 5 years.
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Secret
El Paso, TX
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I'm all for more industry. Bring it on! But keep it here in El Paso and not lining the bags of greedy industrial owners by taking the business to Shri Lanka or Juarez. I'de rather a Lama bootery or mall than Asarco.
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Garcia
El Paso, TX
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Secret wrote: I'm all for more industry. Bring it on! But keep it here in El Paso and not lining the bags of greedy industrial owners by taking the business to Shri Lanka or Juarez. I'de rather a Lama bootery or mall than Asarco. LOw pay, retail store sales clerks, Profits go out of US or out of state to designer label companies headquarters; Mexican shoppers pay no sales tax. How much will El Paso profit from this, especially with a 10 year tax break ?? Foster is , as you say, a 'greedy industrial owner'
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Sylvester r Dbag
Richardson, TX
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Great, Simon doesn't want competition but Foster/Developer
want free $.
What should tax payers do?
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Concerned EP citizen
El Paso, TX
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support Foster
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Melvin is correct
El Paso, TX
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Melvin is an IDIOT wrote: <quoted text>
"whiners looking for government handouts ... "
-- who is looking for the 10 year,$12 Million Handout ?? Paul Foster that's who !!
Let's examine the FACTS of how he has skrewed the Stock Holders of Western Refining !
He is NOT successful in managing other peoples money, or Tax breaks for the Rich !! Get your Socialist dirty hands out of my city you Marxist pig. Paul Foster is a good man that has done a lot for El Paso, like donating 50 million dollars to the medical school and millions others to other projects accross town. The problem with El Paso is that we have too many dumasses like yourself and not bright people like Paul Foster. Have a good day and don't forget your food stamps you poor sap.
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Melvin is an IDIOT
El Paso, TX
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Melvin is STUPID wrote: <quoted text>
Get your Socialist dirty hands out of my city you Marxist pig. Paul Foster is a good man that has done a lot for El Paso, like donating 50 million dollars to the medical school and millions others to other projects accross town. The problem with El Paso is that we have too many dumasses like yourself and not bright people like Paul Foster. Have a good day and don't forget your food stamps you poor sap. Melvin you suck!! You can't rebut the arguments against the Tax Payer handout to Foster !! Where were the tax breaks for Farah jeans, before they exported the jobs to Juarez ?? Foster deserves no special treatment from Cook because he donated money to Tech. Capitalist Tax Payers revolt; you are the welfare bum in favor of a hand-out. Melvin the MOron !!!
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El Paso Citizen
San Diego, CA
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just because Mr Foster has given donations to El Paso ( USUALLY A TAX WRITE OFF FOR A BILLIONAIRE LIKE HIM!) does not mean he can run the city the way he wants to and have all the City officials/reps in his pocket!
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Concerned EP citizen
El Paso, TX
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Yes it does,
It may be a tax writeoff but the money he gave texh (For el paso) for exceeds the tax savings he has for this old building. Plus in 10 years, we will be getting taxes from this building, what are we getting now? Look at the future. Now go and cash those lonestars.
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martinez ep
El Paso, TX
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El Paso Citizen wrote: just because Mr Foster has given donations to El Paso ( USUALLY A TAX WRITE OFF FOR A BILLIONAIRE LIKE HIM!) does not mean he can run the city the way he wants to and have all the City officials/reps in his pocket! So True !! Cook is dumb, and has an IQ of about 47. Any business deal he negotiates is very suspect, and not good for the city of El Paso.
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Melvin
El Paso, TX
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Melvin is an IDIOT wrote: <quoted text>
Melvin you suck!!
You can't rebut the arguments against the Tax Payer handout to Foster !!
Where were the tax breaks for Farah jeans, before they exported the jobs to Juarez ?? Foster deserves no special treatment from Cook because he donated money to Tech.
Capitalist Tax Payers revolt; you are the welfare bum in favor of a hand-out.
Melvin the MOron !!! What do you mean I can't rebut the arguments...? You are the type of person who will not listen to reason no matter how clear. I am not going to try to discuss with you how small this seemingly huge tax incentive really is in the big picture. You do not have enough education to understand. As I mentioned before, tax incentive deals like this are given ALL THE TIME, all over the country. One example... The Domain in Austin, TX. Who was the developer? Simon Properties... the same group who is protesting the tax incentives here because they were not successful in their pursuit to purchase the Farah site. Here is a quote from a news source concerning the tax incentives to Simon on the Domain project: "Under the deal, the Domain will receive 25-percent of its property tax for 20 years. The project will also get back 80-percent of its sales tax revenue for the first five years and 60-percent of its sales tax back for years six through fifteen. Over the 20 years, the amount could total more than $50 million". I don't hear Simon complaining about getting that incentive.$50 million. Again, try to remember the BIG PICTURE. I know that is hard when all you can look forward to is selling your food stamps to buy booze, but the tax incentives going to Mr. Foster are minuscule compared to the boost his development will give to El Paso. The incentive and the development will be a good thing for this city.
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Lea
United States
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Melvin wrote: <quoted text>
What do you mean I can't rebut the arguments...? You are the type of person who will not listen to reason no matter how clear. I am not going to try to discuss with you how small this seemingly huge tax incentive really is in the big picture. You do not have enough education to understand.
As I mentioned before, tax incentive deals like this are given ALL THE TIME, all over the country. One example... The Domain in Austin, TX. Who was the developer? Simon Properties... the same group who is protesting the tax incentives here because they were not successful in their pursuit to purchase the Farah site. Here is a quote from a news source concerning the tax incentives to Simon on the Domain project:
"Under the deal, the Domain will receive 25-percent of its property tax for 20 years. The project will also get back 80-percent of its sales tax revenue for the first five years and 60-percent of its sales tax back for years six through fifteen. Over the 20 years, the amount could total more than $50 million".
I don't hear Simon complaining about getting that incentive.$50 million.
Again, try to remember the BIG PICTURE. I know that is hard when all you can look forward to is selling your food stamps to buy booze, but the tax incentives going to Mr. Foster are minuscule compared to the boost his development will give to El Paso. The incentive and the development will be a good thing for this city. Melvin you are right on target. People! Sometimes you have to give, in order to receive!! I'm all for this project if it is done right. Not some 'ol second tier development, this sits off of I-10 so it needs to be done nice and attractive. TOP RETAILERS with TOP RESTAURANTS!!!! It's all fine and dandy that EP is known for local restaurants and it's good local flavor, but c'mon now we need national eateries i.e., Benihanas, Mortons steakhouse damn even a Dave and Busters would be nice..... I know you can do it EP, just look at the big picture!!!!!!!!
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