$2 million 'ransom' for city to keep downtown tax district
Original post made on Aug 5, 2011
Read the full story here Web Link posted Friday, August 5, 2011, 10:57 AM
on Aug 5, 2011 at 11:39 am
"In particular, the city could lose funding that council members say could help subsidize putting a grocery store downtown. The money is also used for events such as Thursday Night Live, recruiting businesses and acquiring and assembling properties for development, said Ellis Berns, the city's economic development director."
That's a strong enough argument to get rid of the agency.
on Aug 5, 2011 at 12:51 pm
There IS a grocery store downtown.
on Aug 5, 2011 at 3:01 pm
I still haven't seen it specifically stated whether the redevelopment money goes to LOCAL schools, city, etc. OR, whether the money goes into a STATE pool for those items that then gets distributed around the state.
DeBolt's story seems to imply it would remain LOCAL, but can someone confirm that's the case.