In forcing Coralville taxpayers to cough up more than $10 million in a flat out cash give-away to retailer Von Maur, City Administrator Kelly Hayworth (He's really the Mayor for all intents and purposes) calls it an “Investment.”
Hayworth has said the Coralville resident cash give-away to Von Maur - so they can move to the taxpayer funded Iowa River Landing - that the retailer will help attract new tenants.
“They will attract the kind of tenants we want to have here,” Hayworth said. “We will more than reap financial benefit from Von Maur because of all the other businesses we’ll be attracting.”
Um, if Von Maur was all that, then why isn’t the Sycamore Mall doing much better than it is?
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