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The whole notion of a tax abatement sort of negates the 'bringing business here to broaden the tax base', doesn't it?
Wonder if the additional tax generated by the VEDC's efforts is ever equal to or great than the abated amount?
I think Chravlinpadron said it nicely.
Was the contract written by the former city attorney? He was the guy who left in a huff because of the proposed changes to the city charter. Mayor Willie said we would never be able to find as qualified city attorney as he was...then turned around and only interviewed two men from right here in Victoria. It will be interesting to see if the contract holds up in court...apparently StarTek lawyers don't think it will.
Tax abatements do work...when contracts are written carefully and enforced.
Take it to court and tell StarTek to have their check book at the ready. If the contract was written correctly they (startek) will have no out. Pay up StarTek!
well done, roberttx. You got it in a nutshell.
a tax abatement can be a great tool in attracting a business to this area. in the future i suggest the city and county used a better qualified lawyer to write up the agreement.
in fact, they need to go after who ever wrote the startec agreement for them. what a horrible, shoddy job.
Once you get burned a few times by tax abatements, you finally learn your lesson and quit giving them. If Victoria truly has what a business is looking for, abatements are unnecessary. Business will come without them. Abatements normally attract the bad tenants. Sure, it's nice having them to pay the rent, but in the long run, are you better or worse off for having them after they skip out on the promises. Once a business declares bankruptcy, Victoria is just another unsecured creditor in long line looking to recoup what's left after secured creditors raid the slim pickings first. Lesson learned.
Happens all the time, just sue them and get it behind us.
And remember this when dealing with those nukes in the sky folks.
OK boil it down
no discussion what is the $$$ amount
Is this one of the great things that is happening in Victoria?
VEDC- Dale Fowler
County Judge- Pozzi
Chamber of Commerce-?
Victoria convention and visitors people-$