Allen Turkow: An emotional decision

September 20, 2013 

An emotional decision

The Cary Town Council decided to move forward with The Mayton Inn, despite the enormous amount of tax dollars funneling into the project.

When I compared the numbers with the incentives given to MetLife, it was obvious The Mayton Inn project should be stopped. However, the Town Council chose to move ahead. Several comments I heard during a recent public hearing were disturbing, including the notion that the hotel will bring $130,000 a year in tax revenue in 10 years. Yes it will, but the first eight years will have to pay off the $900,000 loss in the sale of the one-acre lot.

Also, it’s not true that the town will own the building if the project fails – the bank will own the building. The approximately $5 million that will be spent on this project could be used more wisely.

Emotions should never trump sound business sense. All of this for 40 low-end jobs. Wonder why your taxes are going up?

Allen Turkow

Cary

Cary News is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service