Brea's Costco Deal: City's Tax Revenue vs. Developer's Profit
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Brea, California, secures a Costco deal with developer Dwight Manley, projecting $133.7 million in sales tax over 50 years. Manley gets 57.5% initially, with a tapering share. Residents question city staffs negotiation tactics, while officials defend it as standard practice, turning an empty site into steady revenue.
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