Tax Increment Funding is touted as a pain-free way to redevelop certain neighborhoods. But even Mayor (wow!) Rahm "every crisis is an opportunity" Emmanuel recognizes at least some of the unintended consequences of this wealth transfer scheme.
Amazingly, a fellow Moorhead City Council Member once told me in reference to TIF, "Sometimes you have to reach into people's pockets and invest their money for them". Seriously.
No comments:
Post a Comment