[Winona] Is this responsible use of Tax Increment Financing?

Tue Dec 4 15:22:47 CST 2007

I don't know about TIFs except it seems to say the entity will not have to pay property taxes for a period of time.  
My comment is concerning the housing that would benefit from the TIF .  Bob says it is needed.  I  don't' think so. 
This effort failed in its first effort and now has renamed itself under a new management umbrella.  It didn't make it the first time because not enough people signed up to buy units.  Seems the demand may not be there after all.  Entry level, low to middle income housing is needed and for the elderly that along with it being accessible is needed.  High end feeder systems for nursing homes may not be what we need or what people want.  Assumptions were made and not enough good market research done.
Craig Brooks

----- Original Message ----
From: Paul Double <pdouble at hbci.com>
To: Online Democracy <winona at mnforum.org>
Sent: Monday, December 3, 2007 7:50:39 PM
Subject: FW: [Winona] Is this responsible use of Tax Increment Financing?

[Winona Online Democracy]

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Bob……Thanks for confirming the
past abusive uses for TIF’s.  I am also sure those seniors who pay
school taxes will appreciate your support of exempting the public schools from
enjoying the benefit of an expanded real estate tax base by the use of a TIF as
their property taxes rise higher than they need to if the TIF was not used.

Paul Double

Paul...what planet do you live on?  At one time there
were communities in Minnesota that were
abusing TIF...Winona was not without sin, but no
atrocities were committed, and the abuse of TIF largely ended.

The argument for this project...to be owned by a not for
profit...is that we need more kinds of housing options like this for our older
adults.  Seems like a no brainer to me, but then I'm a left wingnut...lol

Bob Sebo

Winona

----- Original Message ----- 

From: Paul Double 

To: Online Democracy

Sent: Monday, December
 03, 2007 9:20 AM

Subject: FW: [Winona] Is this
responsible use of Tax Increment Financing?

[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: winona-bounces at mnforum.org
[mailto:winona-bounces at mnforum.org] 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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