Record Building Permits only prove TIF’s are NOT needed

Here we go again, record growth and record building permits;

The city of Sioux Falls has surpassed $700 million in building activity through October, continuing a record-setting pace.

In the first 10 months of the year, the city has issued $701.3 million in building permits, up from $624.6 million for the same period in 2017.

The record for building activity was set last year at almost $739.3 million.

It is further proof that developers in Sioux Falls don’t need incentives like TIF’s, which are gigantic, long term, tax rebates. If anything, with this kind of growth, we should be raising fees and taxes on developers and putting that money towards technical education or better yet tax cuts for the rest of us stiffs.

Just a thought.



2 comments ↓

#1 D@ily Spin on 11.01.18 at 8:47 pm

More than a thought. It’s time to cut out crooked regional developers in favor of REIT’s and Fortune 500 enterprise.

#2 Hoping a Dem runs 4 GOV in '22 on 11.02.18 at 1:01 pm

What a great name for a new boutique, or better yet, an antique shop here in River City: “TIFs & Stiffs.”

They could specialize in collectibles for the masses, while providing abatements for the few….For some it would be taxing, while for others it would be releasing…..

“‘TIFS & Stiffs’…..Where one man’s collection is an other man’s gain….”

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