EDC Orders Margaritaville to Fix Labor, Procurement, and Reporting Violations or Pay Fines: Incentives Reconsidered for Two Firms

The Economic Development Commission held a decision meeting on Thursday, during which it agreed to reconsider two previously denied applications for benefits, and dealt with a company accused of noncompliance with EDC regulations.  First on the agenda was the request that the EDC reconsider the application for incentives by the Historic Area Revitalization Project joint venture. Despite expressing enthusiasm over the initiative during a public hearing in December, the EDC board denied a grant of incentives to several entities associated with the project a few days later. An amended application was presented to the board on Thursday, and after an executive session discussion, the EDC board agreed to reconsider the joint venture's application, and voted to include in the incentives framework in the portions of the project that are intended to provide moderate income workforce housing rentals and paid parking spaces. Other parts of the project intended to house retail businesses were den...