Eagan Development overreach costs Eagan taxpayers millions

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Amused Slew

Seattle, WA

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#23
Jan 5, 2013
 
Eagan, come for the fruit loops, stay for the whiny bytches...
Amused Slew

Seattle, WA

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#24
Jan 5, 2013
 
I see you brought in California, ABSOLUTELY a laser focus on the thread, right HYPOCRITE ???
non-starter

Burnsville, MN

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#25
Jan 5, 2013
 
Amused Slew wrote:
I see you brought in California, ABSOLUTELY a laser focus on the thread, right HYPOCRITE ???
I brought in California as a reinforcement for the argument against TIF. You brought in an unrelated type of tax and infrastructure, interstates and the Federal Highway Fund. If you can't see the difference, once again, I can get you links, but I can't teach you comprehension. You either get the relationships, or you don't mr low integrity poster. What did Mitt Romney have to do with TIF funding again?
Amuxed Slew

Seattle, WA

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#26
Jan 5, 2013
 
Eagan, come for the fruit loops, stay to annoy the whiny bytches..

I see why you can't afford a home, no instant cash flow, right L-O-S-E-R ~!

What did RawMoney have to do with cash flow ??? Odd, that's why your party ran the guy !!!
non-starter

Burnsville, MN

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#27
Jan 6, 2013
 
Amuxed Slew wrote:
Eagan, come for the fruit loops, stay to annoy the whiny bytches..
I see why you can't afford a home, no instant cash flow, right L-O-S-E-R ~!
What did RawMoney have to do with cash flow ??? Odd, that's why your party ran the guy !!!
Eagan, come for the eminent domain, stay for the outlet mall.
Amused Slew

Seattle, WA

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#28
Jan 6, 2013
 
Eagan, come for the fruit loops, stay to annoy the whiny bytches..

I see why you can't afford a home, no instant cash flow, right L-O-S-E-R ~!

What did RawMoney have to do with cash flow ??? Odd, that's why your party ran the guy !!!
non-starter

Burnsville, MN

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#29
Jan 6, 2013
 

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From Wikipedia, common concerns raised about TIF projects:

Although generally sold to legislatures as a tool to redevelop blighted areas, some districts are drawn up where development would happen anyway such as prime areas at the edges of cities. California has had to pass legislation designed to curb this abuse.[7][8]

The designation as blighted, essential to most TIF implementation, can allow governmental condemnation of property through eminent domain laws. The famous Kelo v. City of New London United States Supreme Court case, where homes were condemned for a private development, was about actions within a TIF district.

The process arguably leads to favoritism for politically connected developers, implementing lawyers, economic development officials and others involved in the process

In some set-ups school districts within areas that are big TIF users are experiencing larger increases in state aid than those within areas that are not relying heavily on this mechanism. This may be creating an incentive for governments to over-TIF and to take on more risk. Governments are under no obligation to recognize when TIF would seriously harm a school districtís financial condition.

Normal inflationary increases in property values can be captured with districts in poorly written TIFs, representing money that would have gone to the public coffers even without the financed improvements.

Districts can sometimes be drawn too large and capture value that would have been increased anyway for unrelated reasons.

Approval of districts can sometimes capture one entity's future taxes without its official input, i.e. a school districts taxes will be frozen on action of a city.

Capturing the full tax increment and directing it to repay the development bonds ignores the fact that the incremental increase in property value likely requires an increase in the provision of public services, which will now have to be funded from elsewhere (often from subsidies from less economically thriving areas). For example, the use of tax increment financing to create a large residential development means that public services from schools to public safety will need to be expanded, yet if the full tax increment is captured to repay the development bonds, other money will have to be used.[9]

Mr low integrity poster loses the argument on content, devolves the conversation to meaningless personal attacks. Just by the sheer number, you might get one personal attack close someday mr low integrity poster. Until then,

Eagan, come for the eminent domain, stay for the outlet mall.
Consistent

Minneapolis, MN

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#31
Jan 6, 2013
 

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The project is expected to bring thousands of jobs and add millions to the Eagan tax base.

An estimated 400 constructions jobs and between 1,600 and 2,000 retail jobs are expected, said LaHood.

Once finished it will add approximately $84 million to the tax base, according to city officials.
non-starter

Burnsville, MN

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#33
Jan 6, 2013
 

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Consistent wrote:
The project is expected to bring thousands of jobs and add millions to the Eagan tax base.
An estimated 400 constructions jobs and between 1,600 and 2,000 retail jobs are expected, said LaHood.
Once finished it will add approximately $84 million to the tax base, according to city officials.
So lets see,$84 million in increased tax base, taxed at 1.5% annually means a 30 year payback of the $40 million Eagan is already in the hole as a result of this debacle, if the bonds for the TIF were at 0% interest. As the bonds are likely paid out at 5%, the payback is likely to be much longer.
Amused Slew

Seattle, WA

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#34
Jan 6, 2013
 

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Eagan, come for the fruit loops, stay to annoy the whiny bytches.. Who DON'T believe in quality of life, improving job prospects, or development...

I see why you can't afford a home, no instant cash flow, right L-O-S-E-R ~!

What did RawMoney have to do with cash flow ??? Odd, that's why your party ran the guy !!!
The Truth

Minneapolis, MN

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#35
Jan 6, 2013
 

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Amused Slew wrote:
Eagan, come for the fruit loops, stay to annoy the whiny bytches.. Who DON'T believe in quality of life, improving job prospects, or development...
I see why you can't afford a home, no instant cash flow, right L-O-S-E-R ~!
What did RawMoney have to do with cash flow ??? Odd, that's why your party ran the guy !!!
It's not the government's job to improve your life. That is your job.
Amused Slew

Seattle, WA

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#36
Jan 6, 2013
 

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Sure, I'll be out filling pot holes in the neighborhood later today, just like you, huh ???
Amused Slew

Seattle, WA

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#37
Jan 6, 2013
 

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Hey, your "team" sure show your true colors yesterday, huh ???
non-starter

Burnsville, MN

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#38
Jan 6, 2013
 

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Amused Slew wrote:
Eagan, come for the fruit loops, stay to annoy the whiny bytches.. Who DON'T believe in quality of life, improving job prospects, or development...
I see why you can't afford a home, no instant cash flow, right L-O-S-E-R ~!
What did RawMoney have to do with cash flow ??? Odd, that's why your party ran the guy !!!
I get it now, I get it now. You are attempting to break the Guiness Book of World Records record for most stupid posts in a second, minute, hour, day, week, month, year, and decade. I think you are a shoo-in. Good luck.
Amused Slew

Seattle, WA

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#40
Jan 6, 2013
 

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The project is expected to bring thousands of jobs and add millions to the Eagan tax base.

An estimated 400 constructions jobs and between 1,600 and 2,000 retail jobs are expected, said LaHood.

Once finished it will add approximately $84 million to the tax base, according to city officials.
Amused Slew

Seattle, WA

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#41
Jan 6, 2013
 

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If you mean Guinness World Records, I see you're wrong, again... Good for you, at least you're establishing your legitimate claim to spamming stupid posts....

You should really work on that spelling, before you correct the spelling of others, ms. low integrity poster.
non-starter

Burnsville, MN

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#42
Jan 6, 2013
 
Amused Slew wrote:
If you mean Guinness World Records, I see you're wrong, again... Good for you, at least you're establishing your legitimate claim to spamming stupid posts....
You should really work on that spelling, before you correct the spelling of others, ms. low integrity poster.
Notice, I only correct your spelling, mr low integrity poster, because I can and do make mistakes as I type. I make no claims about spell checking all my topix submissions, and occasionally do make mistakes. I only correct the spelling of the low integrity poster, who is also currently acting as self-appointed director of spelling, punctuation, grammar, and asinine comments on topix.
Consistent

Minneapolis, MN

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#44
Jan 6, 2013
 
The project is expected to bring thousands of jobs and add millions to the Eagan tax base.

An estimated 400 constructions jobs and between 1,600 and 2,000 retail jobs are expected, said LaHood.

Once finished it will add approximately $84 million to the tax base, according to city officials.
non-starter

Burnsville, MN

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Report Abuse
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Judge it!
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#45
Jan 6, 2013
 
Consistent wrote:
The project is expected to bring thousands of jobs and add millions to the Eagan tax base.
An estimated 400 constructions jobs and between 1,600 and 2,000 retail jobs are expected, said LaHood.
Once finished it will add approximately $84 million to the tax base, according to city officials.
Woo Hoo..........84 million to the tax base. That will bring in $1.2 million a year or so in taxes 2 - 5 years from now. That should pay down $40 million in bonds in 30 or so years.......give or take a few.
non-starter

Burnsville, MN

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#47
Jan 6, 2013
 
Consistent wrote:
Eagan, come for the fruit loops, stay to annoy the whiny bytches..
I see why you can't afford a home, no instant cash flow, right L-O-S-E-R ~!
What did RawMoney have to do with cash flow ??? Odd, that's why your party ran the guy !!!
Fake Consistent, you robbed that reply word for word from something slewsie posted. While that isn't proof you are using multiple monikers, LeJumbo wouldn't have cut and paste anything that stupid, so its a pretty high probability it is you slewsie.

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