on 3/6/01 11:02 AM, List Manager at [EMAIL PROTECTED] wrote:
> Regardless, it's time for a breather and for the MCDA and its
> board, the City Council, to curb future handouts for developments that will
> take years to pay off for taxpayers."
>
Hear, hear !!!!
I was disappointed at the Strib editorial on Saturday because it seemed to
imply that people opposing additional TIF-financed development were
demagogues. It's nice to see the opposite view in the business section. (A
development which, BTW, cuts against the oft-repeated complaint that the
Strib tailors its news coverage to suit its editorial desires).
In addition to taking a TIF "time-out" (which I have already proposed), the
city needs to establish a comprehensive plan with respect to TIF. Right
now, use of TIF is totally ad hoc, at the mercy of whatever project gets
political muscle behind it -- there are no overarching principles or
guidelines which could help the City Council sort out good TIF proposals
from bad ones.
Perhaps we need a TIF Task Force, modeled after the Affordable Housing Task
Force, so that experts in municipal finance and real estate could propose a
set of TIF guidelines for the city, without considering the merits (or
politics) of a particular project.
Greg Abbott
--
Greg Abbott for City Council
13th Ward
www.gregabbott.org
[EMAIL PROTECTED]
--
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