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City Approves Merck-Moffitt Deal
Posted Jun 28, 2007 by The Tampa Tribune
Updated Jun 28, 2007 at 01:44 PM


By RICH SHOPES
The Tampa Tribune

TAMPA - The City Council voted today to give $2 million to a proposed cancer research center near the University of South Florida.

The council approved $800,000 plus $1.2 million in land costs to help create M2Gen, a joint venture between Merck & Co. and the H. Lee Moffitt Cancer Center and Research Institute.

“No one can be a better spokesman for Moffit than I am,” Council Chairwoman Gwen Miller said.

Miller and her husband, Les, both have survived bouts with cancer.

The city’s contribution was the last piece of a funding package that includes $15 million from the state and $28 million from Hillsborough County. Merck plans to contribute more than $90 million.

“Now we are doing our part,” said Mark Huey, the city’s economic development administrator.

Moffitt officials have said M2Gen will generate 165 high-paying jobs and position Moffitt as a leader in the growing field of personalized medicine. It also might spawn lucrative spinoff companies to continue job growth.

Huey estimates the project will have a $1.6 million economic impact on the city, from property taxes and fees.

M2Gen is planned for an old air strip near USF, with construction to start in September. The facility would open about a year later, Moffitt spokeswoman Michelle Foley said.

The Merck-Moffitt deal is the latest research venture to receive public funding in Florida.

Last year, the state approved more than $150 million for a facility in Orlando for the Burnham Institute for Medical Research and $20 million for SRI International in St. Petersburg.


http://www.tboblogs.com/index.php/newswire/story/by-rich-shopes/
 

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Niiice... We can't afford to pay for vital services or govt workers becuase our elected "leaders" are hell bent on dismantling the governmental infrastructure of thsi state, yet we can somehow afford to hand over MILLIONS to corporations in bed with those "leaders", just because they simply put out their hand and demanded it.

Must be nice!


Yes, I know this is good for the economy, but still... The hypocrisy is amazing.
 

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Dont forget about the 400,000 statue the city paid for in front of the court house......... Im sure that could have paid fopr a few salaries.
 

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A few facts:

The courthouse is owned by the court/county. It has nothing to do with the city.

The state is not dismantling the government. The tax structure should be adjusted given the rise in property values (though that will soon adjust itself, methinks.) The local governments are simply irresponsible and went on a spedning spree raising fixed costs rather than discretionary costs so that now they have less latitude in restructuring spending. Simply put - the locals did not plan ahead (surprise)

This investment probably will come close to paying for itself. That is not very much money.
 

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A few facts:

The courthouse is owned by the court/county. It has nothing to do with the city.

The state is not dismantling the government. The tax structure should be adjusted given the rise in property values (though that will soon adjust itself, methinks.) The local governments are simply irresponsible and went on a spedning spree raising fixed costs rather than discretionary costs so that now they have less latitude in restructuring spending. Simply put - the locals did not plan ahead (surprise)

This investment probably will come close to paying for itself. That is not very much money.
Well Said!!!
 

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A few facts:

The courthouse is owned by the court/county. It has nothing to do with the city.

The state is not dismantling the government. The tax structure should be adjusted given the rise in property values (though that will soon adjust itself, methinks.) The local governments are simply irresponsible and went on a spedning spree raising fixed costs rather than discretionary costs so that now they have less latitude in restructuring spending. Simply put - the locals did not plan ahead (surprise)

This investment probably will come close to paying for itself. That is not very much money.
We both know that... I'm just highly incensed at seeing people get fired from jobs that are needed, simply because some myopic dipshits decided to pull a half-assed reform job on the property tax structure.
 
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