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Solar company gets sweet deal to bring jobs to San Antonio

Brooks City Base wants $17 million for the land but Nexolon will pay just $5 million. Taxpayers will foot the bill for the other $12 million.

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FreeHole - 12/14/2012 10:54 AM
0 Votes
Forget it. This is not a good deal por THE PEOPLE of San Antonio. It will look great on the city rulers' resume', but it really does little for the voters. Why don't we use these 12 millions of dollars to create a company that can build the solar panels here? Solar panels are very simple to put together. There's something fishy here. Also, if they install the panels high enough, we can use the grounds to run a flea market or something really productive.

theINsiDER - 12/14/2012 5:29 AM
1 Vote
This is the company that hasn't manufactured a SINGLE solar panel, is NOT U.S. based, part of the "deal" developed with Obama sitting at the table. I wonder how much money is foreign country contributed to Obamas campaign, and what Castro was promised to make this deal go through. This is a bad deal all the way around and Cisneros, i mean Castro, is going to screw us all long after he is gone. He can leave this city for washington all he wants but not at our expense.

AFretired2002 - 12/13/2012 8:01 PM
5 Votes
now the little kewpie doll mayor has his own solyndra just like his hero

Baven2 - 12/13/2012 7:52 PM
4 Votes
Wow really, we just gave a solar company $12,000,000 in equivalent land value, just because we can? And the reward for our great investment will be that we're going to be pay more for electic energy for all time now too? Boggles the mind.

jefsr - 12/13/2012 7:48 PM
2 Votes
The ordinance/contract is bogus......The City issued unconstitutional criminal trespass warnings to at least two law-abiding citizens. By illegally denying access to public Council meetings they violate the Texas Open Meetings Act making ALL ordinances/contracts passed during the illegal meetings voidable via the courts. Participants in the illegal meetings are subject to fines and jail time as well.................... http://sacurrent.com/news/trollin-39-ain-39-t-easy-but-is-banning-john-foddrill-and-others-like-him-unconstitutional-1.1414793

Gecko - 12/13/2012 7:38 PM
6 Votes
Another potential bankrupt solar company paid for by the tax payer. The Obama administration has a LONG history of wasting OUR money on these failed companies.

hidden agenda - 12/13/2012 6:43 PM
3 Votes
should use the 12million to purchase solar panels for the city and hook them up to CPS so the tax payers can benefit on their bills.

preexisting - 12/13/2012 6:16 PM
7 Votes
When Nexolon sells the plant (in bankruptcy or otherwise) will they pocket the 12-million dollars the City is putting into the purchase? How is the taxpayers investment to be secured?

trutex - 12/13/2012 5:48 PM
9 Votes
Wait a minute, isn't this corporate welfare? I thought Democrats like those running the city council are opposed to corporate welfare. Was not Castro the keynote speaker at the Democrat Convention no less? Did he not get the talking points that rich corporate executives and corporate board members were not paying their fair share? You mean to tell me that tax breaks actually promote business and job growth? How 'bout that. This just goes to show what absolute belly crawling hypocrites Democrats are.

scandals - 12/13/2012 5:46 PM
3 Votes
Okay so we are giving a sweetheart deal to a Korean Company by paying over 2/3rd's of the cost for the land and a 10 year tax abatement. I can see encouraging businesses to locate here but not like that. I vote no but then again it doesn't matter what San Antonians think unless of course we have money/power.
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