Thx for interesting facts on Austin . Im one who enjoys more green space than mortar , concrete and toxic asphalt . City planners are remiss and only want new pins on tax rolls . They dont realize they are giving TIF money , crowding , density , 7b tax breaks , demands on city services . They ruin Quality of Life . Sad .. take a child to fly a kite , take your dog on nice walk in the park . Hard to do now . If a city gives TIF money to a restaurant developer on a blightef corner and its 1 million given … now restaurant generates $1 million … the city gets 1% in sales tax …. So 1% of a million is a meager $10,000 bucks yrly . Divide that into the million given and its a whopping 100 year pay back … and thats hoping the restaurant makes it which most dont . ( i like substack … first that was easy to log into - I think just with my email that was unique and pleasant.
It's not for everybody. It's really for people who have a lot of debt, not great credit, and need a way to monetize their equity so they can clean up their balance sheet and their credit history. Thanks for your comment!
Thx for interesting facts on Austin . Im one who enjoys more green space than mortar , concrete and toxic asphalt . City planners are remiss and only want new pins on tax rolls . They dont realize they are giving TIF money , crowding , density , 7b tax breaks , demands on city services . They ruin Quality of Life . Sad .. take a child to fly a kite , take your dog on nice walk in the park . Hard to do now . If a city gives TIF money to a restaurant developer on a blightef corner and its 1 million given … now restaurant generates $1 million … the city gets 1% in sales tax …. So 1% of a million is a meager $10,000 bucks yrly . Divide that into the million given and its a whopping 100 year pay back … and thats hoping the restaurant makes it which most dont . ( i like substack … first that was easy to log into - I think just with my email that was unique and pleasant.
I heard about Unlock way before
Reading your article. I may not be
Like all your readers. But I try to be careful with money even as a
Senior citizen. Too expensive!
It's not for everybody. It's really for people who have a lot of debt, not great credit, and need a way to monetize their equity so they can clean up their balance sheet and their credit history. Thanks for your comment!