Quote Originally Posted by onthestrip View Post
These are the worst instances of TIF imo, when money is awarded for a project on a property that had been bought and held by a speculator. Russell has had multiple properties like this get awarded TIF money to people he sells to. Meanwhile he didnt do a thing to improve those properties, he just bought them and then put back on the market at a much higher price and then point out to prospective buyers that they can get TIF money to make their project work. This is where TIF money has skewed the market and inflated property values.
Once the old downtown Holiday Inn sale closes (also owned by Russel where he did absolutely nothing) we'll see how much profit he made there.

That project is already lineup up for TIF as well.