Insidious Practice Alert #65, How The Bottom 1% Can Build Their Own Community.

It was a brilliant idea, this Tax Increment Financing. Find a blighted area that is not contributing to the property tax base, build a 73 million dollar multi-use complex of apartments and businesses. Exempt the builder from those nagging property taxes that are produced by new developments, thus, blight, crime, and stench are replaced by [...] Read more »