Rising Hegemon
TUSCALOOSA, Ala. — With large swaths of the Gulf Coast still in ruins from Hurricane Katrina, rich federal tax breaks designed to spur rebuilding are flowing hundreds of miles inland to investors who are buying up luxury condos near the University of Alabama's football stadium.
About 10 condominium projects are going up in and around Tuscaloosa, and builders are asking up to $1 million for units with granite countertops, king-size bathtubs and 'Bama decor, including crimson couches and Bear Bryant wall art.
Federal money going to rich developers in areas not really affected by the the reason for the Federal money being available. How could this happen?
Oh, right, Karl Rove.
Karl Rove: Hurricane Katrina Reconstruction "Czar"
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