Rick's Blog

BTW: NMTC tax credit payback is $19M

I’ve checked with city officials. The multi-use stadium is part of the NMTC contract that has been executed. The $12M has already been received. If somehow Marty Donovan and Jack Nobles were successful in stopping the stadium construction, the City has to pay back $19 million—-meaning, Marty, the city taxpayers need to come up with $7M. Will you and Jack write the check?

Heck, the entire Tantrum 10 should pay the $7 million.

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