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To: GeronL

“So you are saying no tax dollars on this? I doubt it”

There appears to be some Tax Increment Financing* to cover outside the stadium infrastructure costs. See this excerpt for the LA Times article.

“But while the deal does not include upfront tax money, the development group expects to recoup up to $100 million in local tax dollars in the first five years of operation, which would cover costs ranging from installing streetlights and fire hydrants to running shuttle buses and providing police security on game days.”

* It may not be called tax increment financing everywhere, but it is a mechanism where a municipality rebates a portion of the INCREASE in taxes back to a developer who fronted the cost of the work.


53 posted on 02/25/2015 9:37:48 PM PST by Steven Scharf
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To: Steven Scharf

TIF is something that is heavily, heavily abused here in Texas


56 posted on 02/26/2015 6:47:34 AM PST by GeronL
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