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When Should Taxpayers Help a Private Project Get Off the Ground?
Private projects can bring in jobs and extra development, but when do they deserve government money?
A Dallas-based company asked Shakopee for $2.1 million in assistance to build a $67 million server farm that would create 40 jobs. The Mayo Clinic in Rochester wants the state to fund $500 million worth of infrastructure projects that would support the clinic’s planned $3.5 billion expansion. And then, of course, there are sports teams like the Twins, Vikings and Saints that have all convinced legislators to fund public stadiums. As these plans attest, major projects aren’t just about finding a business plan that works. They’re also about finding a governmental partner willing to share a portion of the costs in the hopes of creating jobs and economic benefits. Governments can waive taxes and fees, pay for associated infrastructure costs …
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1:23 am on Thursday, April 18, 2013
Completely Agree, Never!   more ›