[Winona] Is this responsible use of Tax Increment Financing?
c.e. woodford
lotustrail at yahoo.com
Fri Nov 30 20:39:13 CST 2007
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
---------------------------------
Get easy, one-click access to your favorites. Make Yahoo! your homepage.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mapnp.Geeks.ORG/pipermail/winona/attachments/20071130/193f4201/attachment.html
More information about the Winona
mailing list