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A new deal to bring a convention center to Denton has less risk for local taxpayers than the old one, but the developer still has asked for the city to give back the taxes the convention business would generate in exchange for the other business the project would bring to town. Tim O’Reilly, who heads O’Reilly Hospitality Management in Springfield, Missouri, told the City Council earlier this year he and his investors remain bullish on building in Denton. After community support fizzled for a city-owned convention center last year, O’Reilly proposed to build the convention center privately. Instead of building on land next to the University of North Texas’ Apogee Stadium, the project is planned a little farther north on Interstate 35, at the southwest end of the Rayzor Ranch development. The private investment includes about $5 million in public infrastructure, according to city documents. In exchange for that private investment — and the new business the project would bring to Denton — O’Reilly has asked the city to rebate all the taxes collected with the project for the first 25 years. As current negotiations stand, the maximum amount O’Reilly would get back from sales, property and hotel occupancy taxes there would be $54 million, said Assistant City Manager Jon Fortune. read more: http://www.dentonrc.com/local-news/local-news-headlines/20151107-developer-asks-for-taxes-back.ece