Thanks for the history lesson fren. I appreciate it.

Tax abatements are used all the time in every major city. It's called Tax Incremental Financing or TIF. Cities set up Tax Increment Districts or TIDs as a way to incentivize development. They are usually in blighted areas that have fallen into decay and no longer produce a Tax base. The new development, which typically involves a tax abatement for many years, is offered to first movers to get projects started. As the area becomes revitalized the second and third movers do not receive the abatements and the overall Tax base goes up with all of the new developments.

There is nothing nefarious about this at all. It's a great way to mitigate risk for first movers.

In fact, Trump took this concept nationwide during his first term with the Opportunity Zone program. It was one of the many economic miracles that Trump created and it benefitted the poorest areas of communities more than anything else.

Thanks for the history lesson fren. I appreciate it.

Tax abatements are used all the time in every major city. It's called Tax Incremental Financing or TIF. Cities set up Tax Increment Districts or TIDs as a way to incentivize development. They are usually in blighted areas that have fallen into decay and no longer produce a Tax base. The new development, which typically involves a tax abatement for many years, is offered to first movers to get projects started. As the area becomes revitalized the second and third movers do not receive the abatements and the overall Tax base goes up with all of the new developments.

There is nothing nefarious about this at all. It's a great way to mitigate rusk for first movers.

In fact, Trump took this concept nationwide during his first term with the Opportunity Zone program. It was one of the many economic miracles that Trump created and it benefitted the poorest areas of communities more than anything else.