Fayetteville's glory holes | Arkansas Blog

Monday, September 8, 2008

Fayetteville's glory holes

Posted By on Mon, Sep 8, 2008 at 8:22 AM

You think LR is too kind to developers? Consider Fayetteville, where a good fight is brewing. There, some tall-talking developers have delivered the city with a TIF-hole where a magnificent hotel was to rise. Even so, as property taxes rise in the expansive Tax Increment Finance district they created, the developers get the dough, not the school district. Now these same bunko artists want the city to pay to build a park south of town to enhance a new development daydream. ON A FORMER WASTE DUMP. The mayor, long cozy with this crowd, which is supporting his re-election, seems to be on board. The good news is that both newspaper empires in the region are taking a jaundiced view of events.

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