4 ms·
Enormous TIF subsidies, mostly.
by throwawayjava 9y ago
Enormous TIF subsidies, mostly.
- jessaustin 9y agoTIFs are so evil. I avoid stores so sited (and their ~25% "tax") when I can, but their very existence harms the credit of every county and most municipalities I know. They don't even perform their supposed role of restoring "depressed" areas, because a third of them are out in the country and another third just replace one profitable business with another (with a ~3 year interim of nothing at all on the site while the lawyers and lobbyists do their evil shit). The whole phenomenon is just a scheme for zoning boards etc. to enjoy corruption.
- knz 9y agohttps://en.wikipedia.org/wiki/Tax_increment_financing https://en.wikipedia.org/wiki/Tax_increment_financing for those who are not familiar with TIF.