Comment by xborns
8 hours ago
I live near one of these projects by chance. It seemed like back door deals for land which some happened to be sold by a former Oracle exec then magically the tax district approved unanimously by < 10 council people to put a tiny city of ~11,000 people on the hook for $500 million dollars in tax financing for their infrastructure?
For extra fun today the WI Realtors Association and other groups are suing the city to stop an upcoming vote from an accepted petition that forced approving projects over tax financed projects $10 million dollars get voter approval.
https://biztimes.com/mmac-sues-city-of-port-washington-over-...
WI Realtors Association and other groups are suing the city to stop an upcoming vote
Everyone likes to complain about politicians, with good reason) but we don't talk enough about the people who are trying to buy them as a means to cut out the voters.
A $500m TIF district for a city that takes in $10m annually and holds <$100m in assets? I've seen some really dumb uses for TIFs before but this might just take the cake.