Jekyll losing groups over tax break delay
by RUSS BYNUM,Associated Press
Sep 27, 2012 | 626 views | 0 0 comments | 3 3 recommendations | email to a friend | print
The Georgia Capitol.
The Georgia Capitol.
slideshow
SAVANNAH, Ga. (AP) — A tax break to promote new Georgia tourist attractions remains unavailable to businesses more than 16 months after the governor signed it into law, and the prolonged wait has already caused Jekyll Island to lose convention business worth about $3.8 million.

State officials say the tax break signed in May 2011 is more complex than most and it's taking longer to write necessary regulations.

That's bad news for Jekyll Island, where Georgia taxpayers have invested $50 million to build a new convention center and other amenities. The developer of its main convention hotel couldn't break ground this month because it needed the tax break to secure a $25 million loan.

Jekyll Island spokesman Eric Garvey says the hotel delay caused seven groups to back out of convention plans for 2014.
Share This Article |
similar stories

Jekyll breaking ground on overdue convention hotel | 4 days ago

Atlanta Braves: Schafer knocks in two runs in rain-delayed win against Dodgers | 5 days ago by The Associated Press

Tourist chief proposes SPLOST projects to Exchange Club | 6 days ago by Doug Walker, Associate Editor

Deal signs budget with 4.6 percent increase, pledges continued conservatism | 17 days ago by Walter C. Jones, Morris News Service

Congress approves bill to end delays in flights | 28 days ago by DAVID ESPO,AP Special Correspondent

Comments
(0)
Comments-icon Post a Comment
No Comments Yet
Postings are not edited and are the responsibility of the author. You agree not to post comments that are abusive, threatening or obscene. Postings may be removed at our discretion.