The NDC was so interested, it bought the building. The city has used the NDC for a variety of jobs in the last decade, including developing the small-business incubator. It is now helping the city re-evaluate the incubator. The NDC is the managing partner of The Windsor. Wenson heads a group of investors who purchased the tax credits from the NDC to help fund the project.
Developers can sell the tax credits they expect to earn.
Investors may pay a discount, frequently 80 to 90 cents on the dollar, to obtain the tax credits, thus reducing their taxing burden. NDC also is the group that suggested Wenson might be the right person to broker a deal to acquire the Abilene Towers, formerly known as the Hotel Wooten. Everman Park also was given a full facelift along the strip. Officials looked to develop the warehouse into a restaurant or niche shops. After asking for proposals from interested eateries, the city got none.