Citizens of Kingman, your mayor and City Council want to give the developer, Vestar, 60 percent of the sales tax revenue for an indefinite period of time for construction costs. This is the same developer who negotiated a $23.2 million giveaway with our (and your) former economic development director, Jeff Weir.
Arizona passed a law in August of 2006 that requires an independent third party to confirm that, without the giveaway, the developer would not build. Vestar "suggests" that the town hire the firm that Vestar recommends. They will also provide the information to the firm. Vestar cannot be trusted! They told the voters of Oro Valley that their Marketplace would provide "an extraordinary shopping experience with unique standout shops." They are giving us Wal-Mart and other stores that can be found in any mall in the country.
They also said that approval of the Marketplace will "help the town of Oro Valley to avoid the imposition of a property or other taxes at a time of budget deficits." Shortly after Vestar announced who the tenants of the Marketplace would be, the town imposed a 2-percent utility tax, and they are now talking about imposing a property tax as well. Do not be fooled like we were! Go to www.ov1st.com for more information.
Phillip L. Gibbs
Oro Valley, Ariz.