[CPEO-BIF] Traverse City. Michigan (2 articles)

[Lenny Siegel <lsiegel@cpeo.org>]

Some residents want TIF to RIP

By Vanessa McCray
Traverse City Record Eagle (MI)
August 27, 2006

TRAVERSE CITY - Some city residents are calling for an early end to a 
program that puts tax dollars into downtown projects.

Tax increment financing is a way to pay for public improvements in an 
area using taxes generated from that district. Some critics say it sucks 
too much from the city's strapped general fund.

The city's TIF 2 district, located south of the Boardman River in Old 
Town, expires in 2015. It has no debt and only one major project left on 
the books: public parking, possibly a deck, in Old Town.

...

For the entire article, see
http://www.record-eagle.com/2006/aug/27tif.htm


See also


Project funding cut drastically

By CRAIG McCOOL
Traverse City Record Eagle (MI)
August 27, 2006

PETOSKEY - State officials sharply cut the amount of public money 
developers would receive to address environmental problems at a downtown 
condo project.

Brownfield Authority reimbursements for cleanup at the Petoskey Pointe 
project site now total about $25,000, down from initial estimates that 
exceeded $400,000.

State Department of Environmental Quality officials informed Emmet 
County Brownfield Authority administrators of the revised figures last week.

Farmington Hills-based Lake Street Petoskey Associates, the outfit 
behind the proposal for a 160-unit hotel-condo building downtown, 
initially proposed to remove 10,000 cubic yards of contaminated soil 
leftover from a prior automotive filling and service station.

...

For the entire article, see
http://www.record-eagle.com/2006/aug/27petoskey.htm

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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