They allege developers crafted a scheme to illegally obtain state tax credits.
Grand Traverse County Traverse City, MI
They allege developers crafted a scheme to illegally obtain state tax credits.
Peters is accused of attempting to defraud the state of $10 million by applying for a special tax credit.
Cox spokesman said questioning the timing is “ridiculous. You file charges when you have evidence.”
Local businessman Joseph Peters, 46, faces up to five years in prison.
Measures would require public disclosure of film production and facility tax credits.
Politicians say attorney general was told about suspicions surrounding movie studio months ago.
Hangar42 Studios investigation should be a warning to Michigan to avoid Iowa’s fate.
See what the investigators were looking for.
This is the latest development in the Hangar42 case; a state representative’s chief of staff resigned yesterday due to questions surrounding the proposed film production studio.
House Republican spokesman Bill Nowling said: “When government is giving out money, people are going to find a way to exploit it, even if they’re just bragging about it.”