Roll Tide, I guessDean Foust
It never ceases to amaze me how when the nation is asked to respond to a natural disaster, and Congress is called upon to produce public funds to assist in the recovery, that there are cagey entrepreneurs who succeed in contorting the laws to benefit their private projects. Case in point: The Gulf Opportunity Zone Act of 2005, which was the law passed by Congress to provide tax breaks to developers willing to rebuild in the parts of Mississippi, Louisiana and Alabama devastated by Hurricane Katrina.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.