Wednesday, October 19, 2005

Feeding Time Again In Arlington

According to the Fort Worth Star-Telegram, a Dallas developer has snookered the City of Arlington and Tarrant County into helping finance his $45,000,000.00 warehouse project in east Arlington. County commissioners appear set to approve a proposed tax increment financing reinvestment zone for the warehouse. Money from the tax zone would be used to widen Abram Street to six lanes and subsidize the warehouse's lease. What makes this deal especially stupid is that the warehouse is to be used for a General Motors parts supplier.

Uh, anybody know what is right down the street from the proposed warehouse site? Ding-ding-ding, that's right General Motors' Arlington plant. So am I the only one that suspects this business would locate near its only customer regardless of whether they got the tax breaks or not? Sure they would. I can only imagine how hard the developer must laugh at our idiotic government officials as they help finance his deal.

0 Comments:

Post a Comment

<< Home