HITCHCOCK

About seven years ago, city officials signed an economic incentive agreement under which an Addison-based company would build a warehouse facility in Hitchcock and get sales tax reimbursements in exchange.

Matt deGrood: 409-683-5230; matt.degrood@galvnews.com.

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(5) comments

Ted Gillis

Holy Moly, what a giant screw up. These tax incentive deals hardly ever work out for the benefit of the citizens, this one particularly so.

Fast talking experts and gullible leaders made this deal, and 29 years from now nobody will remember why.

Charlotte O'rourke

Yikes. That hurts!

Ron Shelby

Who signed off on making each and every payment? Do they have insurance coverage? Shouldn’t their annual audit have looked at this annual expense?

Ron Shelby

It clearly wasn’t a “failed” economic incentive deal. Based on the limited information presented in this article, it looks like someone stole and misled.

Carlos Ponce

" Is Hitchcock's Blimp Base entering a new era?"

By MARISSA BARNETT The Daily News Nov 19, 2015

https://www.galvnews.com/business/article_231bf763-fd03-50cc-8aef-b54643a030d8.html

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