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Conroe is facing a potential $170 million bill for a hotel that's reportedly worth much less than that. A new report is questioning the deal, and it could seriously drain the city's bank account.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days.
Your tax dollars could be on the line for a bad hotel deal, potentially costing millions!
The developers who got this questionable deal are the ones who stand to gain, while taxpayers might be left holding the bag.
Conroe taxpayers are at risk of footing the bill for a potentially overvalued project.
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Conroe defaults on interest payment for $147M hotel, credit rating falls to 'D' houstonchronicle.com