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IS IT STILL DEAD?
December 27, 2007
President Bush has signed the Humongnibus Budget Train Wreck Act (HR 2764), which pulls the $50 million federal funding for Earthpork, the indoor $180-$300+ million giant tulip garden / casino rainforest slated for Pella. Unless the Department of Energy acted quietly before the signing on Earthpork's last minute matching-funds application, this means the project will have to proceed without federal funds. As it has yet to raise any private cash (as distinguished from funny-money "in-kind" grants), that would seem to spell the end of the line for a project that has been variously slated for Des Moines, Coralville, Grinnell, Dubuque, and Riverside.
More here.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
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