Quote:
Originally Posted by jn00
I don't think Corbett ended it, he just reduced it. One of the articles said that of $1B requested in 2014, $200M got funded.
Doesn't seem to be a good use of taxpayer funds to create more multifamily / retail projects when these are getting done without anyway. I believe the program was originally intended for projects w/ significant job creation (e.g., Augusta helicopter plant).
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I agree typically, that these tax dollars shouldn't be handed out to developers of multifamily projects in areas that are already booming. HOWEVER, this area is definitely struggling. This development, with a nice added fund of taxpayer dollars, could kick-start redevelopment of the entire area.