Riverside Info » About Riverside

BUT FOR the TIF, there'd be no development; we have development; Please explain

(33 posts)
  • Started 5 years ago by MikeTomecek
  • Latest reply from MikeTomecek
1 2 3 4

  1. admin
    Administrator

    Bumped for Catherine

    Posted Thursday Dec 28, 2006 16:27 #

  2. Catherine
    Member

    I see the new condo development on Burlington has unit starting prices in the low $700s, or was I hallucinating?

    I am not a lawyer and so cannot give legal advice, but as I read as a citizen the Pleasantdale decision - it seems to me as if the “but for— test requires that “but for— the TIF no development would occur, and that “no development— is disproved by the presence of development within and near the TIF district. We already have development in and near the TIF area. The “but for— test also requires that the lack of development must be DUE TO the “blighting factors—. The fact that people do not know about Riverside, that the rents are too high, that the buildings are poorly maintained, that people prefer to shop in malls, etc., does not qualify us for a TIF. Further, the fact that you are not attracting the development you want, i.e. retail and not just condos, also does not qualify you for a TIF.

    So, can someone tell me why we meet the “but for— test for the TIF when Pleasantdale and these other two towns did not?

    Posted Thursday Dec 28, 2006 17:44 #

  3. MikeT
    Member

    Blight at $750k

    Is this 2006 or 1984?

    mike

    Posted Thursday Dec 28, 2006 17:56 #

RSS feed for this topic

1 2 3 4

Reply

You must log in to post.