Rules committee declines $70,000 completion grant request for downtown dinner-cruise operator
OED recommended a one-time $70,000 completion grant to help a downtown dinner-cruise operator cover Coast Guard inspection and repair costs; several members questioned precedent and the city's share of repair costs and the committee did not approve the request (3 ayes, 4 nays).
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Jack's Yacht Charter (Bridal Princess), a family-owned dinner-cruise operator docked on the Southbank, asked the committee for a one-time completion grant of $70,000 to cover inspection-related repairs and boatyard costs tied to a biannual U.S. Coast Guard inspection. Ed Randolph of OED described the request as a one-time underwriting to keep a downtown entertainment business from leaving the market after substantial private investment.
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