5 or 6 years ago we had conversations about tax increment financing (TIF). It was new and little understood. Coody and his developer gang pushed it through in Fayetteville with disasterous results in downtown development and a big hit to the finances of Fay Public Schools.
Read the comments at the end of this Ark Times article to get the gist of what TIF does to a community. It has rarely been used in Ark to create worthwhile development in blighted neighborhoods as the intended purpose of the law stated. As we saw in Fayetteville it was used to funnel school money into pockets of the downtown elites.
click here for article