$6 million tax break sought for Mississippi Trump-managed hotel [View all]
Source: AP
$6 million tax break sought for Mississippi Trump-managed hotel
NEW YORK – A Mississippi developer that has joined with the Trump Organization to open the first of possibly dozens of hotels in the U.S. president’s new mid-priced chain has applied for millions of dollars of state tax breaks.
Chawla Hotels filed an application in December for a tax break with the Mississippi Development Authority worth as much as 30 percent of eligible construction costs, or roughly $6 million, CEO Dinesh Chawla said Friday.
. . . The Trump Organization, which is based in New York, announced its two new chains – the mid-priced Scion, and the budget-priced American Idea – with great fanfare last year. Trump Hotels CEO Eric Danziger said he expected dozens of Scions, for instance, in short order.
But the chains have gotten off to a slow start, with only Chawla Hotels agreeing to join up with the company so far.
Read more: https://www.clarionledger.com/story/business/2018/02/09/mississippi-trump-hotel/324789002/
Bwaahahaha!
Only one sucker since last June, and that one asks for corporate welfare from taxpayers to help Trump violate the Emoluments Clause.
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