Re the previous post on High Point’s proposed vehicle tax hike, the N&R’s Doug Clark wonders why city living is getting so expensive.
Maybe it’s because they sign on to run water and sewer to a neighboring county for a megasite that may or may not attract industry.
........As you post your comment, please conform to Piedmont Publius's simple comment policy: we welcome all perspectives, but require that comments be both civil and respectful. If you wouldn't say it to a co-worker in front of your boss, it probably is not civil and respectful. We will delete any comment that fails this test and issue a warning to the poster. A second offense will result in a ban on commenting on this site. In sum, disagreements, arguments even, are welcome; abusive behavior is not. Thanks.
25
2013 At 8:07 pm, Triadwatch Said:
I thought robbie the crony capitalist and his trebic cartel are running water to Randolph not high point.
25
2013 At 8:58 pm, Sam Hieb Said:
Yeah that’s what I meant Keith –perhaps I should have spelled it out better in the post
04
2013 At 3:18 pm, Alan Ferguson Said:
The sum of tax dollars that would likely be spent to develop an industrial “megasite” for the benefit of a private corporate prospect staggers the imagination. A site similar to ours in size is currently under discussion for development near Knoxville, Jefferson County, Tennessee. As is the case with ours, the bait is an auto assembly plan out in the countryside.
The Jefferson County Economic Development Oversight Committee commissioned an “Economic Impact Analysis” to weigh the costs and benefits. Here are the costs to the taxpayers, according to the study:
$60 million for site purchase and infrastructure
$246.6 million for “additional public funding”
$340.6 million for in “abated” property taxes
TOTAL TAXPAYER COST, $657.2 million
There is nothing to indicate that the Randolph proposal is substantially different from the Tennessee proposal. At least for North Carolina, this is taxpayer funding of private enterprise that is far, far off the scale of historical norms. This is not capitalism. What it is real estate speculation and crony-capitalism.