KHOU: Taxpayers help subsidize local businesses
KHOU-11 is promoting a Defenders story that will air tonight which claims the city of Houston is a very generous landlord:
How would you like a landlord that charges you unbelievably cheap rent? How about one that never raises that rent for decades?
[snip]
So who is the landlord? The city of Houston.
But the 11 News Defenders have discovered that you the taxpayer are footing the bill for Houston officials dropping the ball. Plus some of the “tenants” getting those nifty monetary breaks are those who need it least: high‑profile businesses.
Take one example: In midtown Houston there’s the posh restaurant “Brennan’s.” They’ve paid just $200 month for a parking area for 24 years! It turns out the last time the city checked on rental and property values there was 1977.
And that’s just the beginning.
A missed revenue stream? That's not like Mayor White!
Posted by Anne Linehan @ 05/17/06 05:17 PM | Houston Miscellany | Technorati | Sphere | Comments (2)
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