By Gavrielle Gemma
Once again, big capitalists are trying to grab public money to make private profits. The Convention Center already receives $63 million in stolen tax dollars from hotel taxes that should go to the city general fund. Their recent scheme should land them all in jail. They want to take $340 million in public funds to build a private Omni Hotel, and pay no taxes on sales or real estate. But they will keep the profits!
As if it’s not bad enough, these unelected vulture capitalists presented a “consultant’s” report that deliberately attempts to mislead us. The Bureau of Governmental Research (a business group itself) revealed that there is a $100 million gap between their analysis and the Convention Center. BGR estimates they will use $330 million in public funds.
BGR goes on with a list of other misrepresentations and false assumptions. The Convention Center also claims this will add jobs. But BGR estimates this project will take 130,000 guests from existing hotels. What will happen to those workers?
Clearly we are only seeing the tip of the iceberg in what will be one gigantic financial scandal and rip-off. Who is getting paid off in all this? The big capitalists. Who will lose? The workers and residents of New Orleans.
A few elected officials have raised what amounts to a squeak in protest. But if one looks at their campaign contributions, the link between them and the Convention Center is obvious. Campaign contributions are bribes in reality. At a recent Board meeting, the Peoples’ Assembly, New Orleans Workers Group and the Hospitality Workers Committee organized to fight this theft.