Quote:
Originally Posted by Jayhawk
Actually most TIF financing pays for infrastructure and tax abatement "hoping" to create businesses and services to support the general area or town. In a successful project, it pays back greatly.
Nothing in The Villages proposal mentions property tax abatement, so there is city and county revenue that DOES support the residents.
Too many are jumping to conclusions without facts.
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All of this really has nothing to do with with that analogy, the issue is overcrowded amenities created by the apartments for which amenity fees are paid and pocketed by the developers. Simple resolution would be to have apartment dwellers pay amenity fees to the AAC, easy peasy.