Tuesday, January 26, 2010

Star Bonds On Hold

The Star Bonds seem to be on hold for at least a while.
Story from The Record

The surrounding communities have concerns that their current retailers will go out of business.

Citizens should have concerns with the state operating with an unbalanced budget and a negative bank account while contemplating the issuance of bonds to fund private development.

I do understand the way development works nowadays where companies demand some incentives and if they don't get what they want they go somewhere else and see what they can get there. Whichever location gives the best deal gets the development. Private companies and developers should still have to pay for their fair share of anything. I also have a hard time understanding how fair it is to small businesses that have to use their profit to make improvements while larger companies get to pay for things with taxes that should be going to improve the community as a whole.

I suppose most communities/states still say that 50% of the projected millions of dollars is better than the tens of thousands they make from the land now.

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