Reply to a comment  Reply to this comment  cjensen writes:
ASummers has the take on this TIF dead-on.  Taxes, by their
nature, distort a market place, but this is not inheritantly
bad. This distortion can be used to encourage an
investor/developer to build where he wouldn't otherwise, such as
in a blighted area.  However, tax distortion is less palatable
when it serves only to enhance the profitability of an otherwise
private undertaking in an area that has no outstanding need,
such as is the case with Mr. Graham---especially for a project
likely to be built anyhow and no real harm to the community if
it is not.  Hopefully, public pressure will force the pertinent
parties to stick by the guns and deny this TIF.