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Found this today about Spinning Star Project

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dingocub   Wednesday, 10/01/14 03:53:43 PM
Re: boardname5533 post# 1485
Post # of 1621 
Found this today about Spinning Star Project

Looks like as of June 13 2014 Shweta was still planning on filing some applications for SSE, but the Texas lawyers said go eat dirt.. No tax breaks for you anymore your late..

So as far as the agreed upon Tax breaks goes the project it is cancelled for now in the eyes of the school district. But who says they cant be re-instated. No small Texas County would turn down 10 million if it that money showed up today with whats going on the world of local gov debt..

Shweta seems to still be playing ball as if SSE were still gonna happen.. ???

http://www.texasahead.org/tax_programs/chapter313/applicants/RankinISDno208_SpinningStar/208-Rankin-Spinning-Star-FINAL-No-project-letter.pdf


Just because they cancelled the Tax breaks doesn't mean SSE project won't happen, because why would Shweta say they are still working on the applications in June of 2014..

Tax breaks only accounted for 8% of total cost of project.. really not that big of a loss considering the scoop of the project.. Still hurts, but not enough to scuttle the project completely IMO




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