Economics
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Public Administration: A national builder of large urban malls and shopping centers has determined that Townscape is the ideal location for its next venture. The builder has a reputation for being a tough negotiator and placing many demands on the communities it chooses. Some of these points of negotiations center on upfront concessions from the municipal government. The City Manager would like you to research periodicals and newspapers in the Library to locate two situations where city governments were faced with making large concessions to large corporations in the hopes of a big payoff in the future. These stories should focus on large corporations holding municipal governments at bay for huge concessions such as: tax breaks, TIF districts, roadway improvements, exemption from bonding, or cash payments to secure the city as the site of a new business venture promising to bring in a significant amount of revenue in the future. Consult the Library, Internet and your local newpapers to help with your research. Be sure to cite your sources using APA guidelines. Be prepared with an opinion as to whether or not making such concessions is an appropriate course of action. Compare and contrast the consequences of two different cities where one city decided to give the developer what it wanted and a second where the city opted to hold fast and not give in to the demands of private industry.
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The response addresses the queries posted in 1234 words with references.
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The response addresses the queries posted in 1234 words with references.
// While writing this paper, we will focus on two different cities and the situation that was faced by the city government in making large concessions to large corporations by including tax breaks as one example. Further we will compare and contrast the consequences of the two different cities followed by one city favoring the developer and the other against. //
Barrick Gold Corporation is the largest gold mining company worldwide which is headquartered at Toronto, Canada and Ontario and other four regional business units (RBU's). Barrick at present is undertaking mining and exploration projects in different parts of the country.
U.S. government is giving hundred billions of dollars of subsidies and tax break relief to the companies and individuals. Ever since 1987, American Barrick resources corporation has bagged around $US 8.75 billion by distilling gold from Nevada mine which is owned by the US government.
The government is trying its best to spend more to grant more on wealthy corporations and individuals. For this, they are giving tax break which is part of the wealth fare that is given to corporations and wealthy individuals. It is estimated that the tax expenditure has cost around $US440 in the fiscal year 1996. The corporations paid as many taxes now as they did in 1950s, the government would take another $US250 billion yearly, which is more than the complete budget deficit. The government is also paying for scientific research and development by allowing the benefits to be drawn by the private firms. Above this, the government is spending more to support the lifestyles of well-off individuals (Collins, 1995).
Name of the next city where the city government was faced with making large concessions to large corporations in the hope of a big payoff ...
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