Taxpayer Dollars Will Renovate Clovis Hotel

Posted by Jim Spence on Tuesday, October 4, 2011
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PNTonline - Stephen Crozier believes each building project should be authentic, and vary in design, construction and environmental efficiency. When the Taos real estate developer looks at the dilapidated Hotel Clovis — once among the city's economic strengths — he envisions an opportunity to revive the city's downtown area. Crozier plans a $12.8 million renovation of Hotel Clovis that will include apartments and business space. “I think what really strikes me most about the hotel and the downtown area is the historic nature and the historic spot that you have in the downtown area,” said Crozier, one of a half-dozen speakers at Friday's groundbreaking ceremony for the project. “I've been to many different towns in New Mexico and they're all beautiful in their own way, but you really have something special.” Crozier was the only developer to respond to the city's 2009 request for proposal to redevelop the hotel. Most of the estimated $12.8 million project cost is backed by $10.5 million worth of federal tax credits Crozier's been allotted by the state's mortgage finance authority. City officials and Crozier expect the complete the hotel project to be completed by December 2012. Read full story here: News New Mexico
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1 comments:

Anonymous said...

If it's so great, spend your own money. But this guy like most others is addicted to o-p-m, other people's money.

There is a lie going around and it is that public benefit is the same as public use. The courts created this lie and use it to steal the property of those unable to defend themselves. In Kelo, it resulted in the theft of many homes, the destruction of those homes, and finally an empty vacant lot overgrown with weeds. Pfizer used its power and its lies to convince the city of New London to steal the land through eminent domain. The supreme court, who btw is part OF the government, decided that the 5th amendment's public use phrase included "public benefit" through a supposed increased tax revenue and let the local government steal the property from one private party and give it to another. Too bad the folks didn't take matters into their own hands like the Framers did. The time is coming.

October 4, 2011 at 8:59 AM

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