|
The following is an excerpt from the July 27 issue of The Wichita Eagle. John Wong, professor and interim director of the Hugo Wall School of Urban and Public Affairs at Wichita State University, provides expertise for the story. Wichita's tax districts aren't breaking even
Jul 28, 2008 9:54 AM |
Print
 Tax increment financing helped create Old Town, brought a grocery store to a business-deprived northeast neighborhood and put a Gander Mountain store on the east bank of the Arkansas River. But city and county tax records show that nearly $159 million in public money has been spent on Wichita's tax increment financing districts, to get roughly $150 million worth of new development. That new development equals about a $37 million increase in the property tax base. "You would hope the (public) investment would generate a multiple of the investment, not the other way around," said Wichita State University economist John Wong, an expert on municipal finance.
This story has been tagged
Wichita,
Money,
W. Frank Barton School of Business,
Urban and Public Affairs. See all RSS feeds here
Created on Jul 28, 2008 9:54 AM; Last modified on Jul 28, 2008 10:22 AM
|
HEADLINES
Elliott School students head for Flint Hills for stories
Work to begin soon on five-story residence hall
New splints would stabilize injuries
Alumni profile: Kris and Leslie Wessel
WSU senior will graduate with 4.0
Astronomy internship accepts WSU senior
Hundley working on books detailing research
Fundraising award goes to Wilson Baldridge
Faculty/staff news update: March/April 2013
Wichita State to host bestselling author
Kansas patenting data analyzed
Student profile: Karissa Gilchrist
Scholarship will support real estate interest
WSU names interim dean for business school
Strategic plan presented
Faculty profile: Bob Workman
Student profile: Laura Schlapp
SHRM Foundation scholarship recipient
Wichita Home School wins Frontier Trails BEST
New debate format should help voters
ACT prep workshop set for Oct. 13
Saturn and things that aren't comets
|
