- Joined
- Dec 22, 2011
- Messages
- 42,668
yes, but slightly out of the way. i think they are going to have to build into the ground in order to lose some height. i know it remains an issue with the FAA
I hear you. We probably agree on about 60-70 percent of this, I'm just accustomed to "big sporting venues" being able to (eventually) work out all of the details. The NASCAR track in Michigan...not only did we get a "regular" tax credit, but then we got a REFUNDABLE tax credit (on the income tax return) for "roadway and pedestrian improvements". There was about a 5-year period where we were getting a few million back from the state each year.
I would show people on the Michigan Income Tax return where there was a separate itemized line for our tax credit. Seeing as we were the only racetrack in the state to qualify for it...funny stuff...
Just like the special provision in the Internal Revenue Code (depreciation) for "motorsports entertainment facilities".