Blight fighting | Arkansas Blog

Sunday, April 16, 2006

Blight fighting

Posted By on Sun, Apr 16, 2006 at 6:13 AM

Bentonville, you may recall, is one of the state's most prosperous cities and thus one of the cities best situated to avail itself of the TIF scam, in which school tax revenue is diverted to shopping center and other commercial developers. The city has talked about a TIF for downtown.

TIF was sold as a tool to redevelop blighted areas. If this be blight, bring it on. The Benton County Daily Record, in an article on downtown redevelopment, notes a new real estate listing, a couple of lots totaling .6-acre, listed for $329,900. It's close to Wal-Mart HQ. Do schools and taxpayers in the rest of Arkansas really need to subsidize redevelopment in the midst of such plenty?

(We do wonder if the property owner is paying taxes commensurate with his valuation of the land.)

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