[RP TownTalk] East Campus & Tax Increment Financing

[Dwight Holmes]

I was surprised to see that too, Jim.  The rationale behind TIFs was
to spur redevelopment in blighted areas where no other hope was
evident for attracting the needed investment. It would seem a stretch
to label the corner of Paint Branch Rd & Baltimore Ave as "blighted."

I'm not sure how that works in this case, given that this is
university property. Since the university is not normally a tax
collector, who loses in this case as a result of the foregone
revenues?

On Jan 7, 2008 2:37 PM,  <jcolema3 at aim.com> wrote:
>
>  After reading the article, I noticed that UMD was seeking Tax Increment
> Financing for the project. I have my doubts about the efficacy of this route
> for that area, but judge for yourself. I am attaching a scholarly article
> written for the city of Calgary, Alberta.
>
>  jc
>
>
>
>
>  -----Original Message-----
>  From: Dwight Holmes <dwightrholmes at gmail.com>
>  To: TownTalk <towntalk at riverdale-park.org>
>  Sent: Mon, 7 Jan 2008 11:23 am
>  Subject: [RP TownTalk] Post article on East Campus development: Birchmere
> in 2010, Shopping mall in 2011
>
>
>  According to this article in the Metro section of today's Post, UMd's East
> Campus development is on track to open in stages: Birchmere in 2010,
> Commercial area in 2011, grad. student housing by 2014.
>
>  The article also says they're hoping to land a grocer such as Harris Teeter
> or Whole Foods.
>
>  Here's the link:
>
> http://www.washingtonpost.com/wp-dyn/content/article/2008/01/06/AR2008010602244.html
>
>  --
>  "[Why do our men] trifle away their time, scald their Chops, and spend
> their Money, all for a little base, black, thick, nasty bitter stinking,
> nauseous Puddle water?"    --Women's Petition Against Coffee (London, 1674)
>
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-- 
"[Why do our men] trifle away their time, scald their Chops, and spend
their Money, all for a little base, black, thick, nasty bitter
stinking, nauseous Puddle water?"    --Women's Petition Against Coffee
(London, 1674)

Riverdale Park Community Wiki
http://rpwiki.wetpaint.com/