THursday Dec 21 2023

Customers are wondering where are their cars?

 

I was quite skeptical this franchise would be re buuilt, and sure enough the link contains refernece to DeLorean NFTs and other malarkey.

Here is another example of goovernment speculating with other people's money

In April, it unveiled plans for a futuristic, wing-shaped structure it said would become a symbol for the city.

In the months after DeLorean’s February 2022 announcement of its plans in San Antonio, the city and Bexar County offered the private company $1 million in subsidies in exchange for creating hundreds of jobs and investing $18.5 million at its planned headquarters at the former Kelly Air Force Base.

 

The City Council also agreed to designate the company as a state-administered Texas Enterprise Zone Project. That makes DeLorean eligible for refunds on state sales and use taxes, a subsidy worth $1.25 million over five years.

But there’s no sign the car company has made any major hires, making it ineligible to cash in on the incentives anytime soon. 

Port officials declined to comment Wednesday on DeLorean’s leadership shakeup or progress toward manufacturing. Port Chief of Staff Paco Felici said the new office building and how it would look is still a working idea.

 

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