Development daydreams dashed | Arkansas Blog

Monday, July 28, 2008

Development daydreams dashed

Posted By on Mon, Jul 28, 2008 at 4:25 PM

The Northwest Arkansas Times laments how it was taken by the soft-soap peddled by the developers who got significant Fayetteville taxpayer help to tear down the old Mountain Inn and in the form of valuable tax cuts in a Tax Increment Finance District created at their behest. End result, an ugly hole in the ground and no promise that construction of a hotel and condos will ever begin.

Thanks for the tip to The Iconoclast, who closes the circle with news of a still-more-bodacios request for a public handout by some of the same Fayetteville developers.

The supposed free market champions from the Chamber of Commerce sneer at peons who toil at newspapers for our poor understanding of business. But it has always seemed simple to me. If you can make a profit without a state welfare payment you have a sound business. If you can't, your business probably will fail. And maybe it should.


Sign up for the Daily Update email
Favorite

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

More by Max Brantley

  • Where's the outrage?

    Am I the only person, apart from federal prosecutors, outraged about the criminal enterprise that inveigled itself into a privileged position as an Arkansas taxpayer-financed human services provider to the tune, today, of $43 million a year?
    • Jun 21, 2018
  • Where's the outrage?

    • Jun 21, 2018
  • Rutledge opponent hits her socializing with corporate interests

    Mike Lee, the Democratic candidate for attorney general, has criticized Attorney General Leslie Rutledge over recent reports of her participation at private meetings where corporate interests make big contributions to a political group she heads for access to state legal officers.
    • Jun 21, 2018
  • More »

Readers also liked…

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation