Wednesday, January 14, 2009

Independence-MO Joins Corporate Welfare Frenzy



The Independence Planning Commission has approved plans for the old Blue Ridge Cinema site at U.S. 40/I-70 and Blue Ridge Boulevard.


According to the story from the INDEPENDENCE EXAMINER- which makes NO mention of the Tax Increment Financing (TIF/Corporate Welfare)- the former theater site MAY eventually contain restaurants and such- depending "on how the market bears out” said one of the applicant's representatives in the EXAMINER story.

It's unclear why Metro cities are still handing out corporate welfare when municpalities need all the full-paying tax base they can muster.

It's even further unclear when Independence can't fill up the much-touted retail area around the well-TIF-gifted Bass Pro Shop at I-470 & I-70.

So tomorrow the CSW Drug Testing Kit for Politicians Award goes to Independence city officials (Raytown has the award for today).
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