Nogales Cloth Amateurs Indicted
They also indicted and arrested his father, Octavio Garcia Suarez, on charges that include fraud, theft and money laundering.
"Both the mayor and his father will be held accountable and prosecuted to the full extent of the law." Attorney General Terry Goddard said.
Tucson’s Cloth know how it’s done. You don’t take the bribe outright. You form a consulting business and charge fees for influence. Granted, the Tucson charade is getting a little surreal. Now it appears proponents of the downtown hotel want it to be built so long as someone else is accountable. Rio Nuevo wants the city to build it. The city wants Rio Nuevo to build it.
Rio Nuevo board member Alan Willenbrock noted that the HVS financial projections for the project were beyond ridiculous - calculations based upon assumptions prior to the great recession as well as Arizona’s tourist magnet SB 1070, which led to the cancellation of well over $100M in booked conventions in Phoenix alone. He was thanked for sharing and then dismissed from the board.
The Tucson Progressive blog has some good content on the hotel.
Like the Rosemont mine, the stupid thing will happen, even though other local hotels (Starr Pass, Westin La Poloma) teeter on the brink of bankruptcy. Despite all the rhetoric, assurances, and guarantees, Garfield Traub will slither into nooks and crannies to create millions in cost overruns bumbling Bob will dismiss as “costs of business.” Dismal occupancy rates will force nauseating public subsidies, but unlike Nogales, no one will be indicted. The Cloth will prosper. TREO will declare the $300M construction costs as capital investment it created, spinning the huge expenditure as, in fact, not an expense but revenue, a return on investment!
Which it is, if you’re Garfield Traub.