While some taxpayers are dreaming about the Margaritaville resort, I wonder, how many major players would have responded if the original request for proposals had said that, by the way, our Community Redevelopment Agency will kick in $31 million to this development?
Months after the developer was chosen, the CRA granted $23 million for furniture and equipment, $5 million for Michigan and Johnson street ends and $3 million to the city for 27 months of lost parking revenues. These CRA funds come from Hollywood and Broward County taxpayers. Add this $31 million to the $25-million value of this oceanfront property, and taxpayers should have at least an equal share in this grandiose $147 million project.
Pete Brewer, Hollywood