قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Sport https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Mixed reaction in Raleigh on the use of VAT to pay for the Downtown South project

Mixed reaction in Raleigh on the use of VAT to pay for the Downtown South project



RALEIGH, NC (WTVD) – Before we even start talking about competing on a football field on the now unfruitful piece of land at the corner of I-40 and South Saunders Street, there is a competition going on right now for those public money to build a massive new gateway to downtown Raleigh.

RELATED: $ 1.9B investment could bring the football stadium, hotels, shopping to downtown Raleigh

It's a game with hundreds of millions of dollars on the line. [19659004] On the streets of downtown Raleigh, there was no lack of opinions on the ambitions of Downtown South.

Janet Oesterling called the design "uncomfortable and out of place" while newer residents like Elicha Varner called it "beautiful and magnificent".

At the opening of the 20,000 square football stadium project, it would be surrounded by over a million and a half square foot office space, hotel rooms, apartments, plus lots of retail and restaurants, North Carolina Football Club owns Steve Malik and mega developer John Kane did so because the only viable way to build the project is to include a stadium, not just football, but concerts, festivals, and graduations.

A stadium paid with $ 330 million in public sales tax dollars.

"We feel this is the appropriate question and it is the right place to fund this because we give back many things," Kane said. "Our investment will return to the city and county and citizens."

The developers want a portion of Raleigh and Wake County hospitality tax. It's the extra six percent you pay on local hotel bills and one percent on restaurant and bar treats.

They are asking for $ 1

1 million a year for the next 30 years – where you record $ 330 million stadium prize. [19659004]

"If they want to increase the price of hotel and drinks and all that will lead to another cycle of people who do not want to come here because it costs too much, "Oesterling explained.

Radeigh resident Wade Lynn wondered whether the use of public money sent the wrong message about local government priorities. 19659005] "I'm not okay with that. But if you look around, you have people sleeping on the streets. So why don't they put money to help some of those homeless," Lynn said.

That's not a sure thing.

The project is associated with several others who are looking for a piece of Wake Countys Medium Projects Fund. $ 42 million in total is at stake this year. The process begins in late autumn or early winter.

Over noon and drink at Fayetteville Street with downtown Raleigh residents James Cannon and Andrew Sullivan were concerned about the prospects for gentrification, pushing out poor residents and older businesses, but hoping the project would bring greater prosperity worldwide.

"I think it's definitely what taxes and things are for projects like this that really create the final stages of the growth we've seen," Cannon said.

Sullivan added, "I'm not really aware of the hospitality tax, but we often eat downtown and I'm happy to support the building like that to improve the state."

Project planners insist on Downtown South will drive economic development not only in this part of the city, but the county and state.

Now is the time for financing.

Developers are calling for citizens who support this project to call and email their city community uncilors and county commissioners – telling them to board the sales tax piece of the project.

Copyright © 2019 WTVD TV. All rights reserved.


Source link