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Saturday, May 16, 2009

Without tax breaks, Brookhaven project on ‘cusp of disaster’

by taxnick on May 16, 2009

First, it was bank bailouts. Then, carmakers held out their hands.
Now, a major developer has come with a tin cup to DeKalb County, begging for $52 million in tax breaks.
Florida-based Sembler Co. says that if it doesn’t get the free ride, its 54-acre mixed-use project near the Brookhaven MARTA station will crater. But Sembler may [...]

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GM in Bankruptcy May Speed Dealer Cuts to Match Chrysler’s Pace

by taxnick on May 16, 2009

General Motors Corp.’s plan to slash its dealer network by the end of 2010 may accelerate, matching the pace set by Chrysler LLC, in a bankruptcy the biggest U.S. automaker says is probable.
GM began telling 1,100 U.S. dealers yesterday their franchise agreements wouldn’t be renewed, meaning they would stop selling cars in about a year. [...]

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