Blog > Blog > St. Louis Development > Analysis of St. Louis TIF developments

January 24, 2009 at 4:04 pm

Analysis of St. Louis TIF developments

by Matt Kastner

Font size

1 Comment
Email Email
Print Print

Tax Increment Financing has become almost commonplace in our region and the United States as a whole. The concept of applying future taxes created from a project back into the project make sense on paper, but its always been a question whether or not the method is truely affective in creating overall revenue growth. Based on a new study by the East-West Gateway Council of Governments, a new St. Louis Post Dispatch article makes you think. Is all this TIF usage for industrial, commercial, retail, multifamily and other developments really paying off? It’s worth the read.


Matt Kastner is the owner/broker of Threshold Investment Properties in St. Louis, Missouri. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business for over four years. Email Matt


Comments

One Response to “Analysis of St. Louis TIF developments”
  1. Ron Calzone says:
    January 26, 2009 at 2:30 pm

    The East-West Gateway Council of Governments TIF study has revealed what many of us already knew – that is that true free enterprise works best. Unfettered market forces are the only real way to properly allocate resources. Those forces are not always correct in the short term, but they always end up self-correcting in the long run.

    What’s more important, others rights aren’t being trampled when we all enjoy the true economic freedom that results in real equal treatment under the law.

    Although eminent domain is not always part of TIF projects, it often is, and that’s, perhaps, the most telling thing about the way we have pursued economic development in Missouri. Special treatment for the “favored” and “connected” at the expense of others. That includes smaller developers or large developers who are too honest to use these “tools”.

    Capitalism – real capitalism – is what built America into the economic power and bastion of freedom it is – we should try it again, sometime!

    Our effort to amend the Missouri constitution to restore eminent domain to its traditional uses is our contribution to the return to capitalism. See http://www.mo-cpr.org – help from other lovers of freedom would be appreciated!

    Ron Calzone, chairman
    Missouri Citizens for Property Rights
    33867 Highway E
    Dixon, MO 65459
    Phone: (573) 759-3585
    Cell.: (573) 368-1344

    Reply

Speak Your Mind

Please Log in now. If you don't have an account you can for one or you can skip it and just fill in your personal information below. If you want a pic to show with your comment, go get a gravatar.


Notify me of follow-up comments via email.