Coloradans are pushing back on urban renewal abuse
In June, a south suburban Denver fire district filed suit against the urban renewal authority (URA) in Parker, Colorado over the diversion of property taxes to subsidize redevelopment projects. Also in June, news broke that the URA in Arvada, Colorado in the north metro Denver area sold a 9-acre parcel of land to a developer for $30. The land is valued at around $9 million.
Government Loans Bring Trouble
by Harris Kenny Solar panel-maker Solyndra has been in the headlines because it received $528 million worth of taxpayer-backed federal loans and then went bankrupt. But Denver residents don’t need to look at failed Solyndra to see the trouble that government loans can bring. Sadly, there are some prime examples closer to home. Last month, […]
Despite TIF, the Bells Don’t Toll
Tualatin, a distant suburb of Portland, is the proud owner of three large and expensive bells that may never toll (there were supposed to be four, but one was stolen). The bells were purchased with TIF (tax-increment finance) money as a part of a $12 million subsidy to Tualatin Commons, a New Urbanist development. But […]
