Fayetteville's TIF sinkhole | Arkansas Blog

Wednesday, July 23, 2008

Fayetteville's TIF sinkhole

Posted By on Wed, Jul 23, 2008 at 10:47 AM

The Iconoclast turns his attention to recent news coverage of the big hole in the ground in downtown Fayetteville where a hotel was -- maybe is -- supposed to rise, though nothing but an eyesore has been created since 2004, when a Tax Increment Finance scheme got rolling. The developers contend they've paid full damages for not meeting the construction schedule, even if the hole in the ground remains for the next decade. They will continue to hang onto a portion of property tax increases on the property, too. Heckuva deal this TIF.

From the ArkTimes store


Comments (2)

Showing 1-2 of 2

Add a comment

Subscribe to this thread:
Showing 1-2 of 2

Add a comment

More by Max Brantley

Readers also liked…

  • Saturday's open line

    Got any thoughts? Put them here.
    • May 21, 2016
  • Today in Trump: Obstruction of justice anyone?

    It's the New York Times with the news today. Fired FBI Director James Comey kept notes of his talks with Donald Trump. A memo he wrote in February after a meeting with Trump said the president asked him to shut down the investigation into Michael Flynn, his former national security adviser.
    • May 16, 2017
  • Kenneth Starr: A comment from Betsey Wright

    Betsey Wright, former President Bill Clinton's chief of staff when he was Arkansas governor, responds bitterly to a New York Times article today quoting Whitewater Prosecutor Kenneth Starr's warm words about Clinton. She can't forget the lives Starr ruined in Arkansas.
    • May 24, 2016

Most Shared

Most Recent Comments



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