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"It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage, than the creation of a new system. For the initiator has the enmity of all who would profit by the preservation of the old institutions and merely lukewarm defenders in those who would gain by the new ones." Machiavelli
Convention Center NewsBy DIA, Section News
Here is the latest on the hotel and convention center in St. Louis. If I recall correctly the same company that said a convention center in Albany was a great idea was the one who said the same about this one in St. Louis. The difference is that in Albany, you were going to be the owners of the hotel building and Albany's PILOT payments would be going to the corporation operating the hotel to pay their bills if they couldn't. Which would mean the hotel corporation would be getting your money and you would be paying more in taxes.
HRI Properties, a lead investor of the Renaissance Grand and Suites Hotel next to the convention center downtown, said Monday it won’t make the next debt service payment of $3.5 million that is due on Dec. 15.This is what Mayor Jennings' has spent the last six years saying would be the solution to Albany's problems. He had no Plan B. Luckily, he didn't get to drag us down further with his Plan A (like he is doing with his Landfill management). We dodged a bullet on this one. Now, we just need to get a new mayor who has some new ideas.
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All trademarks and copyrights on this page are owned by their respective companies. Comments are owned by the Poster. The Rest © 2005 The Management