from the news tribune......
But extending the tax abatement program, which the city has never targeted at a specific project, is the wrong way to help ensure his project is a success. City officials would risk undermining what little public support for the tax program still exists. A report last year found the chief beneficiaries of Tacoma’s tax break have been affluent home buyers – the likes of whom Cohen will be courting.
Rather than extending the program to additional high-end development, Tacoma should be focusing on jump-starting more affordable housing projects. Odds are, Point Ruston will do very well without a tax break. Potential residents are likely to have all the incentive they need when they get a peek at that knockout view.Here's one mono-rant....
I said this....for the umpteenth time....
I swear you people are copying me.....or are you in a Socially Responsible Mood because Karl Marx birthday was....... May 5.
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