Thank you. The piece clarifies things, the financing mechanism is very common in the states (TIF), but the payee is always a public entity that may or may not

Thank you. The piece clarifies things, the financing mechanism is very common in the states (TIF), but the payee is always a public entity that may or may not (almost always it is) paying off bonds held by private parties. Tax Increment Financing https://en.wikipedia.org/wiki/Tax_increment_financing https://en.wikipedia.org/wiki/Tax_increment_financing