Mike's Daddy Warbucks?
In the past ten yeas the City of Milwaukee has never used any TIF money for downtown area residential developments. Now Barry Mandel and his Pfister & Vogel development just east of of the Park East TIF area are seeking just that -- an extention of that TIF or the creation of a new one. For once I agree with the Business Journal and their position that the project doesn't fit the city guideliness for assistance. TIF's should only be used where private development would not happen but for the public assistance. Why change the standard now? And why for a project that is in a corridor along the river that is just booming with condo development, a sign that the private market is surely working? What does the district alderman, Mike D'Amato, think?
"Pfister & Vogel is a unique circumstance that may warrant public financing" 3/24/06
"The question is not whether or not we should participate...The question is, at what level." 4/15/06
Now don't get me wrong, I like Mike. He's been relatively responsive to my neighborhood's concerns, and he seems like a decent guy. But this just makes you wonder... If you were a guy who may have future political ambitions, it would be very nice to have a big developer with deep pockets on your side, dont'cha think?
posted by Mr. mXp @ 10:30 PM
1 Comments:
Well that tannery has sat vacant for quite sometime now hasn't it? Further it is an environmental mess. Would you prefer to have that land continue to waste away or see new life brought to the city? That is exactly what a TIF is for.
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