Who will pay for the govt services that these condo owners use? YOU WILL!!!!!
Commissioners approved the tax break 15-3 after lengthy debate over the tax-increment financing package proposed by Mayor Mike Ragsdale's administration.
Tax-increment financing, or TIF, generally allows additional property tax revenue generated by a project to be used for paying debt on the project.
Some commissioners worried about giving a break to high-dollar downtown real estate.
"I'd love to see this project. Those condos would sell for half a million," said Commissioner Frank Leuthold, but "I don't think people living in $100,000 or $200,000 homes appreciate subsidizing condos downtown. I don't think this is the appropriate use of the TIF program."