Thursday, July 23, 2009

Trinity River TIF

Recent Fort Worth mayoral candidate, Mr. Louis McBee, has something to say about the Fort Worth Business Press article concerning the Trinity River Vision.

Question is, WHO is listening?

rfrancis@bizpress.net

While I certainly do appreciate the Biz Press trying to educate us country folk about the ever rising cost of the Trinity Uptown project (now renamed the Trinity River Vision), I do have a couple of problems with your relayed information.

First, " TIF " commitments are city tax dollars that would normally accrue to the general fund to help us pay for infrastructure improvements throughout the city, but instead are captured within the TIF district for private use.

Second, there has never been a public vote on the Trinity Uptown/ TRV project as a stand alone ballot initiative, and certainly NEVER has the issue of whether to cap the spending on this project gone "before the voters and defeated."

I would very much like to see the Biz Press print a retraction, and clarify the city commitment of our tax dollars....all of them. It would also be very helpful if the Press could report on how much of our tax dollars are being capered within all TIFs in Fort Worth . Especially during these difficult financial times.

Louis McBee

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