Nov 26
2013
Delaware North’s endless subsidies
Those upset by the prospect of Delaware North Companies receiving public subsidies to move into new office space are 13 years and some $4 million too late. The company has been receiving public assistance since it moved into its present headquarters at Key Center in 2000. Sales and property tax breaks, some of which continue until its office lease expires in 2015, total an estimated $4.1 million. That’s not counting the $11.6 million low-interest line of credit Delaware North obtained from the city when it moved into its new quarters for a spell, until federal officials objected because the money[...]