Long live Cordish: It appears Cordish Cos. is becoming a potent lightning rod in city politics to hit the administration with these days. After learning that the developer plans to use tax dollars to renovate downtown space for a club it already owns, a firestorm ensued. Now Metro Councilman Hal Heiner, R-19, wants a legal opinion from the Jefferson County attorney’s office questioning whether Mayor Jerry Abramson needs the council’s consent before giving an $850,000 “forgivable loan” to the the Cordish Cos., the developer of Fourth Street Live.
Time after time: Symbolic perhaps, the 130-year-old clock atop City Hall has stopped. Fixing it might be easier said than done. Certain parts have to be specially calibrated and it might be too expensive, according to the mayor’s office.
The Big Takeover: Rolling Stone’s Matt Taibbi puts our crumbling empire’s economic crisis in succinct terms: “It’s over — we’re officially, royally fucked.”
Drink the tax: Customers and owners are reacting to the new 6 percent sales tax on alcohol by flooding into liquor stores and keeping their doors open longer. During the legislative session state lawmakers passed the tax increase to help fill the state’s $456 million budget shortfall. They also raised the cigarette tax by 30 cents per pack.
Smoke the law: The gray area in the country’s marijuana laws is smokier than ever. The Drug Enforcement Agency (DEA) estimates it has spent more than $10 million from 2005 to 2007 raiding medical marijuana facilities in California alone. Yet TIME Magazine reports there was upwards of $100 million in revenue from medical marijuana sales taxes in 2007, according to Americans for Safe Access (ASA), an advocacy group for prescription pot.