The public handout will include a three-year holiday from the city's gross revenue taxes — a deal the city offers to relocating companies, and one that could save Gensler hundreds of thousands of dollars.
That would have been enough, you'd think, and hard to argue with. But city officials also paved the way for Gensler to receive a $1-million Community Development Block Grant, a federal program that historically has focused on stimulating economic growth and housing in low-income communities.
— latimes.com
2 Comments
I do love Steve Lopez's writing, indeed.
"Is that a good use of your tax dollars — a million bucks for fewer than three dozen jobs?"
Now that is a good question...
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