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Unbiased economists (i.e., those who are not being paid by an industry asking for a subsidy) who have studied subsidies for "strategic" industries have consistently found that once you take into account the cost of the subsidies, they're bad for economic growth (and that's consistently true, whether the economist doing the study is generally liberal or conservative). That's not ideology, it's solid peer-reviewed research.

OK, then help me understand what was wrong with the TIF for Gallery Place and nearby downtown retailers. Without those TIFs, downtown would be endless office buildings.

The increase in property and sales taxes from downtown that resulted from steering developers towards a multi-use downtown have more than repaid those TIFs. So, what's the problem?

by Ken Archer on Jul 6, 2012 11:42 am • link • report

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