URBAN RENEWAL: Burden on residents
As we close in on elections and voting I appreciate The League of Women Voters and their upcoming forum this Sunday from 2 p.m. to 4 p.m. NIBCA did an outstanding job as they focused on building and growth.
One item I hope to see raised is the closing of Urban Renewal Districts that siphon taxes to sweetheart projects like Atlas Mill, Midtown, Riverstone and the Hospital District — all south of the 90. 3% tax increments cannot keep up with the cost to finance and construct projects as those taxes are redirected into URDs that benefit developers, absentee owners and builders rather than current residents and taxpayers, in particular north of the 90.
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