Tax Increment Grants — TIGs for developers — are about to be turned into a perpetual slush fund, with Baldwin’s Council handing out the goodies and Raleigh taxpayers saddled with long-term debt.
Racing toward a TIG
Livable Raleigh Chair Susan Maruyama sent the following email to Councilor Melton, chair of the Economic Development & Innovation Committee. The EDI Committee met on April 27 to further discuss the Tax Increment Grant (TIG) Policy. Hello Councilor Melton, I just...
The cost of a TIG…. Millions and Millions? Not according to Mayor Baldwin
At the March 2 evening City Council meeting during Public Comments several speakers addressed the Tax Increment Grant, or TIG, that Kane Realty has requested for its Downtown South project. Mayor Baldwin was frustrated by the figures being quoted by these speakers,...
Kane’s Stadium: The “Benefit” Is All His. Whereas Affordable Housing Would Benefit the Community — With No TIG needed.
Q: What's our take on Kane Realty's plan for a soccer stadium/"entertainment venue" in his Downtown South project? A: It's a bad idea, especially when you remember that South Wilmington Street is supposed to be a corridor for Bus Rapid Transit -- and affordable...
A taxpayer giveaway for a stadium right now is indefensible
For those who want to learn more about TIGs, please join Livable Raleigh this Saturday at 10am for a free community conversation with a panel of experts.
You can register at bit.ly/TIG-forum