.
Pelicans Report
 
Page 3 of 5 FirstFirst 1 2 3 4 5 LastLast
Results 51 to 75 of 114

Thread: Hornets tax break is derailed/Approved on 4/30 {merged}

  1. #51
    All World Contributor FlyGirl's Avatar
    Join Date
    Jan 2006
    Location
    Walkin to N.O.
    Posts
    20,012
    There was a segment on this on Fox 8's 4pm or 5pm news today.

    Backers of a bill to give the Hornets franchise a nearly $4 million tax break say they are not giving up.

    The legislation failed in the state House of Representatives this week, but supporters said Friday they will try to bring it up for another vote on Monday.

    As a big "Thank You" celebration for Hornets fans was underway in the C.B.D. Friday afternoon, negotiations were underway to save the tax break that is part of the new lease agreement between the state and the team.

    "We need to make sure the bill gets passed," said State Rep. Cameron Henry, R-Metairie, sponsor of HB 1072.

    Earlier this week, the $3.7 million tax break did not make it through the hoop in the House. It was defeated by a few votes. The annual tax break expires next year.
    http://www.fox8live.com/story/17860184/tax-break

  2. #52
    THE PSEFTIS omalakas's Avatar
    Join Date
    Apr 2009
    Location
    Parts Unknown
    Posts
    98
    Where is Edwards and Cleo Fields with the paper bag money when you need them. Need to promise new toilets for the nay politicos and it will pass.

  3. #53
    Lurk -O- Matic 5000 ReedSpeed's Avatar
    Join Date
    Mar 2009
    Location
    Jefferson, La
    Posts
    186
    Heard on the radio today that this will be voted on again today, so let's hope it gets done.

  4. #54
    Charter Member Contributor PELICANSFAN's Avatar
    Join Date
    Jan 2002
    Location
    Kenner, LA
    Posts
    21,836
    The crazy thing is how dumb our legistlators are. Even the simple math works as the annual incentives paid to the Hornets that would be eliminated by approving this (and therefore allowing for approval of the lease) exceeds the tax breaks in this bill. That is before even considering the economic impact and job creations by locking the team here through 2024.

  5. #55
    All World Pelicans78's Avatar
    Join Date
    Feb 2009
    Location
    Lake Charles, LA
    Posts
    15,739
    Quote Originally Posted by HORNETSFAN View Post
    The crazy thing is how dumb our legistlators are. Even the simple math works as the annual incentives paid to the Hornets that would be eliminated by approving this (and therefore allowing for approval of the lease) exceeds the tax breaks in this bill. That is before even considering the economic impact and job creations by locking the team here through 2024.
    You can't reason with idiocy.

    Emeka Okafor - Joe Smith - Carmelo Anthony - Manu Ginobili - Jason Williams

    Al Jefferson - James Posey - Aaron McKie - Shaun Livingston

  6. #56
    The Franchise
    Join Date
    Jan 2002
    Location
    metairie
    Posts
    1,214
    Their looking for a hand out for their area.

  7. #57
    I am 32 Contributor
    Join Date
    May 2002
    Location
    Slidell
    Posts
    2,092
    Fox sports new home for the hornets

  8. #58
    Ambition is Priceless dcoop's Avatar
    Join Date
    Jun 2011
    Posts
    1,243
    Please O please pass.

    http://www.youtube.com/user/dCoopSon
    Check me OUT ON YT and SUBSCRIBE for Support
    @ToooCoop
    http://youtu.be/NTQW3U3Gwe0
    ^^HORNETS TRY ME OUT



  9. #59
    Jimeert Freedet 4 Prez    Contributor   
    IamQuailman's Avatar
    Join Date
    Nov 2010
    Location
    NERLA
    Posts
    8,797
    No word yet?
    People's Basketball Sim League presents...

    1995-96 Season
    C Kevin Willis | PF Brian Grant | SF Jalen Rose | SG Michael Finley | PG Terrell Brandon
    Key Reserves: Dikembe Mutombo | Todd Day






  10. #60
    I am 32 Contributor
    Join Date
    May 2002
    Location
    Slidell
    Posts
    2,092
    no

  11. #61
    Saint Pelican of Mile High Contributor DefensiveMind's Avatar
    Join Date
    Jul 2009
    Location
    Denver, CO
    Posts
    1,233
    They are WHIIFM's (what's in it for me.) types. They rattle a couple sabers, threaten to kill the deal and get a few bones tossed their way for their "trouble." Business as usual in the political arena, I suppose.

  12. #62
    I am 32 Contributor
    Join Date
    May 2002
    Location
    Slidell
    Posts
    2,092
    it is up now

  13. #63
    Pistol Pete Would Be Proud!! Trell's Avatar
    Join Date
    Feb 2012
    Posts
    3,223
    Anything?

  14. #64
    I am 32 Contributor
    Join Date
    May 2002
    Location
    Slidell
    Posts
    2,092
    not up to vote yet

  15. #65
    I am 32 Contributor
    Join Date
    May 2002
    Location
    Slidell
    Posts
    2,092
    it passed and now is PENDING SENATE INTRODUCTION

  16. #66
    Ambition is Priceless dcoop's Avatar
    Join Date
    Jun 2011
    Posts
    1,243
    Quote Originally Posted by hornetsfan29m View Post
    it passed and now is PENDING SENATE INTRODUCTION
    in english
    dumb it down for me

  17. #67
    I am 32 Contributor
    Join Date
    May 2002
    Location
    Slidell
    Posts
    2,092
    it passed the house and now goes to the SENATE

  18. #68
    Ambition is Priceless dcoop's Avatar
    Join Date
    Jun 2011
    Posts
    1,243
    Quote Originally Posted by hornetsfan29m View Post
    it passed the house and now goes to the SENATE
    any worries there?

  19. #69

  20. #70
    Hall of Famer Mr. Mojo's Avatar
    Join Date
    Sep 2010
    Location
    New Orleans
    Posts
    557
    Good news. Thanks hornetsfan29m

  21. #71
    I am 32 Contributor
    Join Date
    May 2002
    Location
    Slidell
    Posts
    2,092
    http://www.wwl.com/House-backs--3-7M...rnets/12990939
    House backs $3.7M annual tax break for the Hornets


    The Louisiana House has reversed course and agreed to extend an existing tax break given to the New Orleans Hornets that saves the team $3.7 million a year.

  22. #72
    The Franchise    Contributor   

    Join Date
    Jul 2005
    Location
    Auckland New Zealand
    Posts
    2,453
    Fantastic news
    Follow me on Twitter - www.twitter.com/ryinthehottub

    Image and video hosting by TinyPic

  23. #73
    Pistol Pete Would Be Proud!! luckyman's Avatar
    Join Date
    Nov 2007
    Posts
    3,316
    Did see a trail of grease on the way to BR this morning. Got real thick starting around Donaldsonville.

    That's what that was.

  24. #74
    All World Contributor FlyGirl's Avatar
    Join Date
    Jan 2006
    Location
    Walkin to N.O.
    Posts
    20,012
    New Orleans Hornets tax break package approved by House

    BATON ROUGE -- The House reversed itself Monday and approved a tax rebate bill for the New Orleans Hornets after failing to approve it last week. House Bill 1072 by Rep. Cameron Henry, R-Jefferson, cleared the chamber 60-41 after being sidetracked 49-46 last Wednesday, four votes short of what is needed to pass most bills through the House.

    Ron Forman, chairman of the Superdome Commission, the state agency that oversees the New Orleans Arena, the Hornets' home, and Doug Thornton, the regional vice president of the company that operates both the Superdome and the Arena, were in the Capitol most of Monday to visit with lawmakers.

    The only New Orleans area House member to vote against the bill was Rep. Harold Ritchie, D-Franklinton, who represents a portion of St. Tammany Parish. Reps. Jerry "Truck" Gisclair, D-Larose, and Rep. Scott Simon, R-Abita Springs, were absent for the vote.

    The tax rebates are a key part of the state's new lease agreement with the National Basketball Association in a deal recently negotiated to keep the Hornets in New Orleans through 2024, and possibly 2029.
    http://www.nola.com/politics/index.s...kage_appr.html

  25. #75
    Quote Originally Posted by dcoop View Post
    any worries there?
    Different breed of folks in the Senate. No worries there. The House is embarrassing. The Senate... much less so.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •