Economic development, TIF style | Arkansas Blog

Sunday, August 31, 2008

Economic development, TIF style

Posted By on Sun, Aug 31, 2008 at 4:51 AM

This beats all. The no-show hotel in Fayetteville -- subsidized by local taxpayers with school tax money -- is proposed as a site for a parking lot. Yes, Tax Increment Finance fans, tax dollars will subsidize a parking lot. Hey, it will create a part-time job for the guy who puts tickets on the cars whose drivers haven't dropped coins in the box.

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