Downtown has two TIFs - Southbank and Northbank. The Southbank TIF is generating close to 2 million per year in revenue. The Northbank TIF is negative. I previously thought that was because the taxable value is lower now than when it was setup. But apparently that is not the case. It is negative because of debt from past projects. Which projects, I don't know. This is something that needs to be understood and addressed. Not so that we can blame anyone, so that we can learn (hopefully) from past experience.
Steve Lovett was the other attending at the DIA meeting. He provided valuable remarks at the end about the need to set policy FIRST and then evaluate action based on how well it aligns with policy.
Just received my minutes and notice of the next DIA subcommittee meeting.
Did you sign the sign in sheet for the 11/20/12 DIA subcommittee meeting? because you aren't listed in the minutes as attending.
What are the TIF projects on the Northbank that have us 5 years out in debt till 2017? Anyone? Good concern.
There is more info in your one sentence on Steve than what is being reported anywhere. Especially the minutes. Not Good.
especially for our new Authority.
Everyone excited about our back door in the dark SECRET FIND prioritized Project list for 2013? Anyone going to the 12/20/12 meeting?