Fayetteville's hole in the ground | Arkansas Blog

Fayetteville's hole in the ground



Our community blogger Street Jazz and the Iconoclast, another NWA blogger, are continuing to raise heck about the hole in the ground in Fayetteville where a hotel was supposed to be as of Sept. 1.

Real simple issue: Does the city enforce the $25,000-a-month penalty provision against developers for failing to deliver? Or does it forgive and forget? Forgiving the obligation would provide further proof that this was just another one-sided corporate welfare scam all along, one that became more difficult when the Arkansas Supreme Court outlawed the TIF-rape of school taxes to subsidize the project.

UPDATE: And speaking of f***ed up TIF projects, here's another Tax Increment Finance District gone sour, to build a road in Johnson. We told you so, boys. We told you so.

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