How they flipped the script on development in North St. Louis, between this and developers like Paul Mckee the northside didn’t stand a chance,
“The problem is that many larger urban areas use TIFs too broadly, says St. Louis Alderman Sharon Tyus. “It’s supposed to be used for places that wouldn’t get any development,” she says. “Now, they’re being used as a giveaway.”
Big Business Tax Breaks May Worsen Income Inequality
Cities that give away the most money in tax incentives tend to be those with greater levels of income inequality.