Thursday, November 26, 2009

Anyone for TIF?

I sense some more robust questioning next Tuesday ... have a read at this report for next week's Policy and Strategy Committee meeting.

Tax Increment Financing (TIF) suddenly appears to be the potential saviour of all-things 'Leith/Waterfront'?

Indeed, the report boldly states (bottom of paragraph 3.2) that: "The concept ... is to create a real sense of place which will encourage early construction of both commercial and residential development."

Funny that - I remember exactly the same thing being said about a certain tram line to the North of the city.

It was a huge mistake (as far as I'm concerned) that TIF wasn't properly considered for Line 1b - that just might have helped the 'Leith/Waterfront' area somewhat :-(

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