. . . otherwise these poor millionaires might not have a place to sleep at night;
Grant Houwman, a development partner of the multimillion-dollar, eight-story building, said he wouldn’t discuss the specifics of individual sales, but he confirmed the $1.2 million sale was a condo.
This takes ‘cleaning up blight’ and ‘affordable housing’ to a whole new level. Literally. Oh, and what about the irony and hypocrisy of one of the benefactors of that TIF;
Joe P. Kirby Trust, $1.03 million (prominent old Sioux Falls family in business and politics)
The same Joe Kirby who has been telling the city council to stop working so hard and start rubberstamping more, you know, the same rubber stampers who gave Washington Square it’s TIF. Glad we could help him out with a property tax rebate for his digs while he is away from soaking in the rays in California. He needs a nice place to stay, close to city hall and Carnegie so when he is in town he can set them straight when it comes to governing and handouts to him and his ilk.
Puke.
The former parking lot at Washington Square wasn’t beautiful, but was it “blight?”
The real evil with TIFs is the presumption used with “blight” assessments. Such assessments are lacking and undemocratic given their loose, convenient, and vague definition:
https://www.youtube.com/watch?v=1DsMIUylnbE
Wow this dump is even cheaper than that little crib Hultgren was trying to flip.