Angela Kennecke did a great story about TIF’s last night, the screenshot is from the KELO story where Darrin Smith is defending the TIFFeriffic process, and I am like, “What’s up with that picture of a statue on his desk. Please tell me that isn’t T. Denny. Please.”
Anyhoo, have fun. (The award is pretty funny to).
I find this statement by Craig Lloyd to be of particular interest.
“We had to clean up the site, number one. We had to build public parking which is underneath the CNA Building and clean up badly contaminated land that the city sat on where their parking was; all that takes money,” Developer Craig Lloyd said.
This is the same area where Director of Public Works, Mark Cotter, who is leading the EA (environmental assessment) process for the Railroad Relocation Project has continually referred to the soil as being “lightly contaminated.”
SO, who’s being less than truthful here…..???
I find this statement by Craig Lloyd to be of particular interest.
“We had to clean up the site, number one. We had to build public parking which is underneath the CNA Building and clean up badly contaminated land that the city sat on where their parking was; all that takes money,” Developer Craig Lloyd said.
This is the same area which Director of Public Works, Mark Cotter, who is leading the EA (environmental assessment) process for the Railroad Relocation Project refers to as being “lightly contaminated.”
SO, so is being less than truthful here……???
SMITH for MAYOR 2018
*Paid for by Lloyd, Dunham, Crane & Silent Partners, Sanford, Raven’s
My previous comment should read:
SO, who is being less than truthful here……???
Angela was kind enough to provide a link for the RC tif’s. In it you will see RC has done 3 tifs in the last 3 years to SF’s 9. In it you will also see, if you look over the life of RC’s tifs, they actually used tifs for their INTENDED purpose, not the wink wink, nod nod shit that goes on in SF.
http://www.keloland.com/classlibrary/page/news/files/TIFinformation.pdf
Wrong link above. I had to look this one up myself.
http://www.rcgov.org/Growth-Management/tifprojectplanhistory.html
Haven’t dug into it yet, but I’m guessing the life of RC’s tifs (73 of em) don’t add up to what we’ve given Lloyd in the last three years.
BTW. That is the tdenny statue, well at least one of em, on his desk? WTF?????
Write Your Own Caption
SMITH for MAYOR 2018
*Paid for by Lloyd, Dunham, Crane & Silent Partners, Sanford, and Raven’s
I Know!!!! Right!!!!????!!!
Was it a good piece? Everyone who was interviewed was allowed to give their spin on the issue. All the tough questions were asked in a rhetorical manner, but yet off-camera.
They should have interviewed the Council members who approved the Costco TIF, and they should have been asked whether they thought Costco still would have came to Sioux Falls without a TIF? What are the revenue losses for the City by having the SkyForce team move from the Arena to the Sanford Pentagon; and in perpetuity do the losses of this lease equal less than the increase in sales tax receipts and eventual property tax values in the Pentagon area? Would the CNA building have not been built without a TIF? Really? Riverfront property is not itself an attractive enough incentive?
TIFs were originally designed to develop areas of blight or spur greater growth, but does Sioux Falls really suffer from either of these urban challenges?
Are Lloyd and Dunhams companies really the only ones “dumb” enough to partake in these TIFS, as Lloyd suggested, or are they the only ones realistically financially capable to play the game?
This piece was a softball review of the TIF issue. The title suggested a hardball narrative, but the questions were never asked, rather a sophomoric regurgitation of the facts concerning TIFs was all we were given.
As far as Smith’s desk, many of us have had that type of award at our desks, have we not? I did find humor in it though, but the globe and a silhouette likeness of Sanford at his reach makes me wonder what really are the future plans for Sanford Falls and beyond.
I’m pretty sure the architectural drawing on his desk is T Denny. I would think they will be erecting a statue out at the entrance Events Center. Come with the territory. Get used to it.
http://www.youtube.com/watch?v=rTZXp0dSzTw
I have never understood why government needs to support private business. Maybe I am over simplistic, but there is a cost of doing business…starting a business. Why am I as a taxpayer paying for a private business to come into my city?