Archive for May 2007
The Hyatt Regency Buffalo will get an $11 million renovation, with the state footing nearly half the tab as part of a plan to boost convention business and tourism.
The Hyatt is the only hotel that is physically connected to the Buffalo Niagara Convention Center, and creating a modern “headquarters hotel” to lure large groups of visitors could help bolster Buffalo’s ailing convention business, tourism officials said.
The bottom line is that billions of our dollars are spent to subsidize private businesses. The result is far more harm than good to our economy.
Source: The Buffalo News: Home
Technorati tags: corporate welfare, government, subsidy, waste, taxes, Hyatt Regency, Buffalo, New York
