Last week, we called out Tracy Hoskins for trying to run a Tax Increment Finance scam on the City of Johnson's taxpayer trough to get corporate subsides for a big development he want to build on Joyce Boulevard. It is so blatantly outrageous that even the developer-enabling Northwest Arkansas Times balked at the scheme in today's editorial.
"In this case, one can sum it up clearly: A developer wants a tax handout to pay for a huge chunk of a development he should be doing on his own, but more public 'investment' means more private profitability for the project," said the editorial. "We remember the days when developers either had the financial backing to get a project done or they didn’t, and if they didn’t, they simply didn’t expect a government handout for things developers should be responsible for. Ah, the good ol’ days."
That is pretty much right on the money.
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