To: Jim Gray
Scale Pay For Minorities
If the city of Lexington, KY is going to use HUD funds for economic development, it needs to have a substantial impact on the quality of life. A luxury hotel paying 150 employees minimum wage won't insure low-income and moderate income families a better quality of life.
Why is this important?
LFUCG has applied for a $6,000,000.00 CDBG loan in order to build a luxury hotel and art museum. Our city has not met its 10% Minority Business Goal. This $6,000,000.00 renovation project should hire at least 20% minorities with the understanding that the unemployment rate in our cities Urban Core which is predominantly black, poverty stricken and overflowing with crime is above 20%.