Tuesday, February 22, 2005

Houston's downtown hotel scam

Hotels in downtown Houston are faltering, too many rooms, not enough visitors. [BlogHouston]
Now comes word that the Houston Department of Housing and Community Development has pledged money designated to help low-income residents as collateral for loans made to luxury hotels, which aren't making payments on the loans. [khou.com]
Somebody needs to git a rope.

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