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Should local governments give private developers financial incentives?
Local = city and/or county. Local, for the purposes of this thread, do not include state and/or federal.
Financial incentives can be in the form of tax breaks for a period of time, which has become common. Or, as is a case with my local city, a private developer wanted the city to float $23m in bonds for them as start-up money for a high rise project, essentially the city taking all the risk. (They were upset when the city turned them down.)
Should local governments give private developers financial incentives?
Local = city and/or county. Local, for the purposes of this thread, do not include state and/or federal.
Financial incentives can be in the form of tax breaks for a period of time, which has become common. Or, as is a case with my local city, a private developer wanted the city to float $23m in bonds for them as start-up money for a high rise project, essentially the city taking all the risk. (They were upset when the city turned them down.)
Should local governments give private developers financial incentives?