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According to Bloomberg, Former Trump Communications Director Anthony Scaramucci is taking advantage of the tax breaks to cash in on the "gentrification boom" in Oakland, Calif. by building what he describes as a "swank hotel" on the site of a now-closed gas station. Scaramucci, who is launching a REIT to invest in several projects (the hotel is one of the first), described the project thusly during a call with possible investors.
When U.S. lawmakers enacted a new tax break to help low-income communities last year, backers said it would lift up some of the most distressed parts of the country.
But that wasn’t the pitch former White House spokesman Anthony Scaramucci used on Tuesday to recruit investors for a real estate investment trust that will seek to claim the tax incentives by investing in some of the nation’s newly created "opportunity zones." Here’s how he described one of the REIT’s first projects, a Moxy Hotel on the site of a gas station in Oakland, during a conference call with potential clients.
"For those of you who have yet to go to Oakland, California, or that part of the Bay Area, I can tell you that it’s fully gentrifying. Oakland is effectively becoming the Brooklyn Heights of San Francisco," Scaramucci said. "We think we’re going to be building a swank, boutique hotel there that’s going to create excessive economic rents for the REIT."
originally posted by: LordAhriman
The problem is that a majority of citizens in this country don't want him to keep most of his promises.
Also, what about that promise that Mexico would pay for his useless wall? Who is he demanding pay, right now, while threatening to shut down the government? The answer is us. Taxpaying citizens. More of us disapprove of the wall than otherwise.
originally posted by: network dude
originally posted by: hopenotfeariswhatweneed
originally posted by: OccamsRazor04
a reply to: Grimpachi
Rather than bitching 'because Trump' people should be saying how can we improve this and make it even better, thank you Trump.
You're delusional, you think people all people want to live like you do, I hate to break it to you but no.. You are very wrong.
how exactly is it that you "know" what others want?
Look What These 25 Regulations Are Doing to Small Businesses
Regulations That Hurt Small Businesses:
The Affordable Care Act
Federal Tax Code
Overtime Rules
Government Contractor Pay
Mandatory Sick Leave
Independent Contractor Rules
Safety and Health Act
Reporting Requirements on Gender, Ethnicity and Pay
Clean Water Act
Coal Emission Rules
Carbon Emissions Rules
EPA’s Risk Management Program
Truth-In-Advertising
Fair Packaging and Labeling Act
FDA Regulations
State and Local Inspections
USDA Regulations
Joint Employment Rules
Minimum Wage
Unemployment Insurance
Immigration and Nationality Act
Employee Retirement Income Security Act
Identity Theft Regulation
Fiduciary Rules for Advisors
State Licensing Requirements
originally posted by: 727Sky
So let the political games begin as soon as January or by the latest come March.. Seems like one other person (Ceasar) had some political problems long long ago come March.
originally posted by: hopenotfeariswhatweneed
originally posted by: OccamsRazor04
a reply to: Grimpachi
Rather than bitching 'because Trump' people should be saying how can we improve this and make it even better, thank you Trump.
You're delusional, you think people all people want to live like you do, I hate to break it to you but no.. You are very wrong.
originally posted by: Wardaddy454
originally posted by: hopenotfeariswhatweneed
originally posted by: OccamsRazor04
a reply to: Grimpachi
Rather than bitching 'because Trump' people should be saying how can we improve this and make it even better, thank you Trump.
You're delusional, you think people all people want to live like you do, I hate to break it to you but no.. You are very wrong.
Wait so, people don't want healthy lives and economic improvement for themselves?
Not sure what you're trying to argue here.
Surely you aren't arguing that ghettos are a good thing.