[Winona Online Democracy]
I couldn't agree more that this, while possibly legal, was not the intent of
the legislation for TIF's. I would hope that it not be used as if further
allows the sponsoring government unit the opportunity to not share the tax
base with schools who should also benefit from an expanding real estate tax
base as it occurs.
But it shares the spotlight and hot water of the Port Authority purchasing
the Chrysler building three blocks from the river unless they plan a new
river access up Main Street.
Paul Double
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of c.e. woodford
Sent: Friday, November 30, 2007 8:39 PM
To: winona forum winona forum
Subject: [Winona] Is this responsible use of Tax Increment Financing?
I've been reading about the Applewood Point project in the local papers and
wonder if anyone else on WOD feels this is a negligent use of TIF? I dont
believe TIF was conceived for projects such as this. Is this a blighted
property? I will grant you that it is not on the tax rolls now...only
because its been coveted by a church and never been offered on the open
market, but I have to believe it is certainly a marketable property.
Being a former taxpayer in the city of Chanhassen, I have seen TIF go way
awry( do a search on the Star -Tribune website, there are several articles
detailing the Chan problem, this isnt that comparable but it does show a
good reason why TIF requests should get the utmost scrutiny) and come back
to bite the taxpayers.
Is there someone else here who has a different point of view on this
project? Am I not getting the whole picture on why this is a benefit to
Winona taxpayers? Does anyone else have the same opinion as I do on this?
c.e. woodford
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