Mayor Bateman Wants To Bailout Super Target His Plan Is To Use $6MM Of Taxpayer Cash For Exit/Entrance Ramps @ SW 328 St.

Target is a multi-billion dollar company, why would the Mayor commit City of Homestead dollars to such a project?

http://www.businessinsider.com/target-beats-same-store-sales-rise-above-expectations-2012-5

http://investors.target.com/phoenix.zhtml?c=65828&p=irol-homeprofile

http://www.wikinvest.com/stock/Target_(TGT)/Data/Sales_per_Store

FDOT Has Committed To The Following: 
FDOT committed to begin the Project Development and Environmental Study.

"I anticipate that a big-box retailer such as a Super Target and many other commercial opportunities will locate there. About 4 million persons travel to and from the Florida Keys on the turnpike in the area annually.

Our new turnpike interchange will deliver a major economic impact to our economy and will create hundreds of new jobs for our community. If we build it, they will come." Mayor Steven C. Bateman

The subject came up during the budget presentation and the Mayor has been doing a lot of lobbying for the Lucy Street interchange. Let FDOT, Super Target or the Alger Family, who are the landowners, pay for the interchange, why is the City of Homestead bailing out millionaires and corporations?

This is some of the malarkey brought up at the budget meeting. Must be another Bateman COINCIDENCE!

Dr. Von Laurer commented at the last budget hearing Councilman Williams and Councilwoman Waldman asked the subcommittee if they had any suggestions for increasing revenues and one of the members of their committee was going to pass out to the Council a plan on forming a coalition between government and the private sector and the object of this group would be to find the funding to pay the $6 million obligation that the City of Homestead has for the interchange at SW 328 Street and find investors to come to the area at the interchange. He mentioned this was not a proposal but it was an idea the group would like the Council and City Manager to review and from this plan come up with some ideas.

Mayor Bateman stated Dr. Von Laurer timing was perfect pertaining to the interchange and what it can do for this community in job creation and economic impact because the Council received a letter from the Alger family that was sent to him and the Secretary of FDOT. He summarized the contents of the letter which ended by stating the Alger family was pleased to partner with FDOT and to offer their property in working towards the completion of a 2nd interchange for the City of Homestead.