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1615-6 Various Miami Beach : Sunday, July 18, 1993 EDITION: FINAL SECTION: NEIGHBORS MB PAGE: 18 LENGTH: 63 lines MEMO: OPINION $50 MILLION FOR HOTEL COULD BE BETTER SPENT Editor: During last November's general election, the city of Miami Beach placed a referendum on the ballot to raise the tourist tax one penny. The public revenue from the new tax, estimated over time to run into the tens of millions, has been earmarked by city officials to cover some of the construction costs for a private developer to build a mega-size hotel in the South Beach area. This plan will slide approximately fifty million tax dollars from the coffers into the pocket of a private interest. Considering all of the critical needs of our changing community, including safer and cleaner streets, $50 million in public money could be better spent to improve the quality of life for both resident and visitor, without raising local taxes. There is no reasonable argument as to why these public dollars should be given to a private developer over the public's crying needs. The majority of the City Commission is fledgling first- termers, compounded by a city manager who came on board last year with no previous municipal experience, therefore it is understandable how they might have misguided themselves and us on such a blatantly questionable concept. The referendum passed only because the election was a one-sided, special-interest- financed abuse of the democratic process. Do you believe you or your neighbors would have voted for fifty million tax dollars to pay for hotel construction rather than safer and cleaner streets if the question had been fairly stated? But, now that city officials are under the mistaken assumption that Miami Beach residents want their dollars to go to a hotel developer, the city manager is preparing the proposal that will offer the money to a waiting private interest. Former President Bush was kicked out of office because his theory of trickle-down economics failed; give all the money to one and the money will trickle back down to all. It never has and it never will. The saddest part about losing our much-needed public money to a private developer is that it is based on that failed trickle-down economic policy. There is still time and opportunity to stop this from happening and to re-direct the money to a more appropriate and public use that will benefit the entire community. A.C. Weinstein, Miami Beach YES TO RESORT TAX INCREASE 11/01/1992