Tuesday, February 12, 2013

Nationwide Arena sale under discussion - Charlotte Business Journal:

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million for real estate tax purposea – and whether the Nationwide name would remain on the But it seems likelt Nationwide would want to continues to be a partner with the Blue Jacketsa andthe arena. The company is one of the team’a largest corporate sponsors and the facilith is the centerpiece of theArenaw District, where Nationwide and its investors have spenrt $750 million in development projects over the past 10 “Nationwide will be a significant part of the solution,” Priesf said. “They would not just walk away.
” The possibilityg of an increase in the excise tax on beer in Franklih County is a major concernto Anheuser-Busch Companies said Kevin Lee, general manager at the company’s breweryt in Columbus. Such taxes already represent the most expensive cost ofselling beer, he said, with the beveraged taxed 68 percent higher than the averag U.S. consumer product. Lee said higher excise taxes on alcoholp hurt not just brewers but their suppliers, retailers and wholesalers that rely on revenur from beer sales. “We also believe they are highly regressivre taxes that disproportionatelyaffect lower-- and middle-income wage earners,” he said.
Lee said it is too early to say how raising the beer tax wouldaffectg Anheuser-Busch’s operations in Columbus. The companh employs 748 workers at the brewery and 176 staffer s at its metal container plantg inthe city.

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