Fayetteville's hole in the ground | Arkansas Blog

Monday, August 20, 2007

Fayetteville's hole in the ground

Posted By on Mon, Aug 20, 2007 at 8:51 AM

Our community blogger Street Jazz and the Iconoclast, another NWA blogger, are continuing to raise heck about the hole in the ground in Fayetteville where a hotel was supposed to be as of Sept. 1.

Real simple issue: Does the city enforce the $25,000-a-month penalty provision against developers for failing to deliver? Or does it forgive and forget? Forgiving the obligation would provide further proof that this was just another one-sided corporate welfare scam all along, one that became more difficult when the Arkansas Supreme Court outlawed the TIF-rape of school taxes to subsidize the project.

UPDATE: And speaking of f***ed up TIF projects, here's another Tax Increment Finance District gone sour, to build a road in Johnson. We told you so, boys. We told you so.

From the ArkTimes store



Subscribe to this thread:

Add a comment

More by Max Brantley

Readers also liked…

  • Judge anticipates punishment of lawyers in Fort Smith class action case

    Federal Judge P.K. Holmes of Fort Smith issued a 32-page ruling yesterday indicating he contemplates punishment of 16 lawyers who moved a class action lawsuit against an insurance company out of his court to a state court in Polk County after a settlement had been worked out.
    • Apr 15, 2016
  • UPDATE: Hutchinson moves to cover himself on cut to War Memorial Stadium

    Gov. Asa Hutchinson apparently felt the burn from KARK's exclusive Tuesday night on his plans to cut state support of War Memorial Stadium in half beginning July 1, 2018. He has a so-far secret plan to make the stadium self-sustaining. We bet that doesn't include state support.
    • Oct 20, 2016
  • French Hill votes against disaster aid to Puerto Rico

    Republican U.S. Rep. French Hill alone among Arkansas's House delegation voted last week against a measure that provided $36.5 billion in disaster aid, a portion  for hurricane-ravaged Puerto Rico as well as money for wildfire response and to support the flood insurance program.
    • Oct 14, 2017

Most Shared

Most Viewed

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation