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Wednesday, July 22, 2015

O’Malley Pushed For Publicly Funded Hotel That Has Been Hemorrhaging Money

In 2008, construction was completed on the 757-room Baltimore Hilton, a $305 million publicly-funded hotel spearheaded by Baltimore’s mayor at the time, Martin O’Malley. The hotel, in seven years of operation, has never turned a profit. The best year of operation saw a $2.9 million loss.

“It’s the biggest boondoggle ever. It’s hemorrhaging money every year and has less-than-stellar performance,” Democratic Maryland state Sen. James Brochin told The Daily Caller.

Originally intended to draw revenue from a supposed untapped convention market in Baltimore, the Hilton Hotel project slowly began losing money when conventions passed on Baltimore for other locations such as Austin, Texas and nearby Washington, D.C.

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4 comments:

  1. Yep government run enterprises with the exception of military are failures. But hey their buddies get pockets full of money. We get taxed to death and holding the bag

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  2. As always, great job by government.

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  3. gubmint = Martin OweMalley (and his dear friend George Soros)

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  4. Union jobs, funding boondoggles is what unions do best. Especially when it's no investment of their own. Taxpayer funded capitalism. Oxymoron.

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