TIF Talk

 

 

Tax-Increment-Financing(2)

I read the executive summary in the above report. I also searched this am and a bit tonight  on both success and failure stories regarding TIF. One must remember that each Community or City employing a TIF is unique.

Across the Country you can find great debates raging on many aspects of the program with some States trying to reign in the practice.  In some cases has been overreach by TIF proponents. This scheme and  it  is a scheme surfaced in the 50’s.

It’s original intent was to revive blighted areas. There are arguments put forward that such and such development would not occur without a TIF. That is used alot and disputed by opponents.

Then there are school districts that have sued for loss of tax revenue. The standard comeback across the land seems to be “Well it was just woods there with a bunch of wet areas , whadda ya call em, vernal pools” “You got no revenue from that but just wait till the TIF expires and you will share in the bounty!”

You can’t “lose ” what you were not receiving prior. It’s really something the back and forth. In Vermont several Communities had to give back some significant monies.

http://vtdigger.org/2013/05/15/municipalities-pay-back-some-money-over-tif-dispute/

While nosing around a couple of months ago I also read the three links below with interest.

http://www.vermonttoday.com/apps/pbcs.dll/article?AID=/RH/20130423/NEWS01/704239854

http://www.rutlandherald.com/article/20101126/NEWS03/711269889/1004/NEWS03

announcementtouserails(4)

Can you imagine what a linked bike trail would bring in revenue over shipping odd chunks of granite ?

The project that the granite was destined for in Florida is a vital dike system containing Lake Okeechobee, which has and could again fail, causing a devastating flood. It’s quite a story.

I read that granite train story as one where proponents got all juiced over what they construed as a “big deal”

It was a bust. It only served to get RR folks all jazzed up and screwed a major bike trail in planning.

The music man’s magic touch gone woefully awry.

I have not seen wholesale changes in the  Town Board players over the last twenty five years or so. It’s the same folks really, the same opinion makers. In fact the major ones  can recite their Community accomplishment’s and often do preface their weighing in with long recitations. I have received some of those emails but deleted them as frankly I found them embarrassing, for the sender.

Puffery. Some wield it with no shame at all. I hope you did all those things for the Community and yourself. The work in my view is sullied when one tries to “use it”

The Great Bay Kids groundbreaking is tomorrow morning at 10am at their new home on Epping Rd.

What the heck was everyone doing? What was Sylvia doing as it seems to me I sense wagons circling around the Planning Department. It can’t be that those that put up signs and blustered over Great Bay Kids at the Rec  are now all worked up about the woods.

So we hired a gun  and now he and this TIF scheme will probably go down in flames. That is what I am feeling and am quite surprised that anyone any insider( excluding Nancy Belanger) thinks otherwise. Yes there were meetings, there is one tonight downtown. I can’t go I am exhausted and am not sharing the cause of that, but believe me it’s off to bed soon. This is a complicated issue and many potential voters still don’t know who Harry or Kathy is or why that should matter.  I test people all the time and here are the facts.

No one is listening or reading.

My current bed book-  Chronicles of the Frigate  Macedonian 1809-1922

If you vote for the woods the TIF will not work, so vote against that too, no splitting. It’s all or nothing really.

Supposedly the numbers don’t work unless the buffer zones in some areas are shrunk. It just seems such a major step back, for what again?

That interchange at Epping Rd and 101 is terrible. This strapped State won’t be making any improvements. I cannot imagine a luxury hotel on Epping Rd, or even a Mr Tux.  A friend of mine once thought Mr Tux was a front for something as you find them at every major highway interchange. Portsmouth Ave is a strong interchange , RT 125 in Epping, but Epping road? It has no traffic volume at all.  It’s a granite train.

Goodnight.

Mike

 

 

 

 

 

 

2 comments

  1. I think Mike that you have hit it on the head. The TIF and Article 8 are very complex and with lots of hearings that told us what they were doing without the ability for the public to help to craft even a section of either of these documents. We hired an Economic Development Director to bring tools to us to use but we did not give up our ability to be part of a very complex process. An initiative this important to our town was put together in a matter of months behind close doors and brought out when it was too late for the public to be part of the process. Questions remain of what Epping Road will look like with $130 million of build out and what it will do to the end of Epping Road. As a Planning Board, if a development is going up on one part of Epping Road but will greatly impact the lower part of Epping Road, how would you negotiate a deal to get that developer to help with that cost? What happens to the water and sewer once it crosses Route 101? On the TIF map it stops. Is there another TIF for that? Why not do a TIF that combines all of the issues that $130 million will bring to Epping Road? No, this would be a year long process and we have 116 units of age restricted housing that is knocking at our door now along with a hotel. I guess that is the type of development we want out there. It comes down to process or lack there of.
    To address the fact that it has been the same people around town for 25 years. Well, I guess I’m a newbie, as I’ve only been here for 15 on a board. Same old, same old. If the oldies left, who would be there to question? And who would Dan have to yell at?
    Last night’s meeting was more of the same. When I see Bill Campbell get up after he has thoroughly read and reread the TIF document and in fact gone and met with the Economic Development Directo three times, and he still is not convinced that this should be supported, then I know that the process has not been followed and to make a policy that will live with us for the next 20 years that had no input by the public is a shame. Yes, there were hearings but only after the warrant and the documents were a done deal. If this is how we do a major economic initiative in this town than democracy has just left Epping Road.

  2. It is my understanding that last night you had no questions despite being in attendance.It would seem to me that many are vested now in their positions, movement now will be difficult for those folks.
    Mr Campbell agonizes over everything. Like Columbo , he will come back time and again for one more question.

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