bigredmed wrote:Good luck to them. Glad its not in Omaha after recognizing how much money they wanted us to cough up.
This and the Crossroads project have me wondering.
If developers want our money, then why not offer stock like an IPO in the project? If I can drop a sum into it and 10 years from now, that sum is 200% bigger, great. They have their money and I have a reward for being forward thinking and picking a winner.
Taking tax money for these sort of things is basically armed robbery using the government as your hired thugs. They have heavily armed police that will do bad things to you if you don't pay the sum, and 10 years from now, the developers have gotten rich and I will be about to be stuck up for a new venture.
You nailed it. I don't have a problem with the city paying for road enhancements near a development, I don't even have a problem with TIF (given that even though I hate the government and don't think it is either good or necessary, I realize it might well be inevitable), but these sorts of "public private" partnerships reek of Mercantilism.