Evidently Greensboro Community Foundation president Walker Sanders has postponed yet another trip to D.C. to talk federal funding for a new Guilford County Schools headquarters, but assistant city manager Andy Scott continues to so-called ‘Recovery Zone’ bonds where the feds would cover 45 percent of the interest. The Triad Biz Journal calls it what it is: tax increment financing.

Scott added that “the $75 million cost of the hotel could easily overwhelm the amounts of the newly discounted bonds” allocated to Greensboro,” in which case “city officials could ask the state to give it allocations not being used by other cities.”

In that case, I guess it’s fortunate that Gov. Perdue wants to raise taxes.

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