Wazee Lake Topics: "Russell Lands tax???"

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	Name:	8hcap -
	Subject:	"Russell Lands tax???"
	Date:	6/22/2009 10:39:37 PM

This form of financing, where the user (consumer) pays for the priviledge of shopping at a development that could not have been developed without this assistance contributed greatly to the over-building of retail we are going to suffer through for quite a few years to come.

If a project is not feasible on its own merits, why force it with "public assistance". There are several types of financing of this type, with the most common being Tax Increment Financing". When more funds were needed to develop a property than TIF could provide (usually based on the increase in property taxes generated by the improvements), the above process was invented.

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