Written on December 17, 2007 – 11:03 pm |
It looks like we might not be getting a publicly financed parking deck over at North Hills East, which is a project across the street from the new North Hills mall.
Developer John Kane wants tax breaks totaling more than $100 million over 20 years to build a parking deck for the area.
The proposal calls for the deck to be paid for with a public financing tool called TIFF financing. However, Charles Meeker has said that TIFF financing should only be used for projects in blighted/undeveloped areas.
Unfortunately North Hills doesn’t fall into this category.
