Originally Posted by
Pete
More TIF Districts are on the way according to a recent report from the Alliance:
Adventure District (we know Block 405 was to be part of this, but that now seems dead)
Gold Dome
Other districts unnamed by in progress
The Gold Dome will be interesting. I believe this is still the Temple Live music concept. However, Jonathan Russel bought that property 8 years ago for $1.1 million, has done absolutely nothing with it (it's a neglected eyesore) and has been asking $3 million.
If this TIF award turns out to be for 'gap funding' -- and that's what 98% of them are for -- and Russell gets anywhere near his asking price, then serious discussions are due regarding if these public giveaways are really needed for development or if they are just being used to line the pockets of flippers; especially if in this case the funding gap is less than $2 million.
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