City Eyes $7 million Taxpayer Dollars to Continental Resources

[Just the facts]

MikeOKC - There is fundamental difference in local, state, and federal governments. There is a huge benefit to OKC for companies locating in the urban core so it would make sense that they would do what they can to get companies to locate there. If Detroit wanted to offer local tax incentives to federal welfare recipients to move to downtown Detroit then more power to them.

[MikeOKC]

MikeOKC - There is fundamental difference in local, state, and federal governments. There is a huge benefit to OKC for companies locating in the urban core so it would make sense that they would do what they can to get companies to locate there. If Detroit wanted to offer local tax incentives to federal welfare recipients to move to downtown Detroit then more power to them.

So, the city provides the city, a quality environment etc. Do you think Continental needs that $7 million dollars to move their employees from Enid to Oklahoma City? They even hold out the promise of more jobs downtown IF the city ponies up. What if they didn't get the money? Would they decide to keep their people in Enid? This kind of thing at ALL levels of government is wrong. Continental has the money. They don't need this giveaway. It's a form of bribery, entitlement, dependence and on and on and on. And it will continue as long as we buy their spin. And they keep pouring money into electing their "homeboys."

Have a nice weekend.

[king183]

Not only does Continental NOT need this $7 million, but they would be moving to OKC regardless of whether they got that money or not. In this case, it's not an "incentive"-- it's simply giving a corporation taxpayer money for no good reason.

[ZYX2]

So, the city provides the city, a quality environment etc. Do you think Continental needs that $7 million dollars to move their employees from Enid to Oklahoma City? They even hold out the promise of more jobs downtown IF the city ponies up. What if they didn't get the money? Would they decide to keep their people in Enid? This kind of thing at ALL levels of government is wrong. Continental has the money. They don't need this giveaway. It's a form of bribery, entitlement, dependence and on and on and on. And it will continue as long as we buy their spin. And they keep pouring money into electing their "homeboys."

Have a nice weekend.

I completely agree. They have already announced that they are moving. They do not need to be lured with taxpayer money. If they choose not to come because they don't get the money, then so be it. Let them stay in Enid, and we'll see how many new employees they can attract there. All they're doing is playing the government.

[Just the facts]

I completely agree. They have already announced that they are moving. They do not need to be lured with taxpayer money. If they choose not to come because they don't get the money, then so be it. Let them stay in Enid, and we'll see how many new employees they can attract there. All they're doing is playing the government.

I think the $7 million is just the price tag for already agreed on incentives. It is not unlike the $1 million used to build Level Urban Apartments. Level doesn't get the money until the construction is done and the dollar amount wasn't agreeded to until well after planning for Level had been announced.

[Easy180]

I think the $7 million is just the price tag for already agreed on incentives. It is not unlike the $1 million used to build Level Urban Apartments. Level doesn't get the money until the construction is done and the dollar amount wasn't agreeded to until well after planning for Level had been announced.

This seems reasonable and I don't have a problem with incentivizing QUALITY employers...Huge inconvenience to uproot your HQ