Tuesday, March 07, 2006

If We Build It, Will You Pay Some.....


Quincy City Council heard from the Malls maybe new owners that they would like to invest 13 million to create about 120,000 square feet of new Gross Leaseable area. The catch, they are asking for the city to rebate a portion of sales tax generated by new mall enterprises that emerge...to the tune of $6 million dollars. Quick math and that is almost half of the cost of improvements.

Is Duesterhaus correct in his concern about a possible negitive impact on existing businesses ?? You tell us !

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