Special assessment would help fund Muskegon downtown's promotional arm
"Downtown Muskegon already has a special taxing district with its Downtown Development Authority. Tax funds raised in that district are used to pay off bonds associated with the former Muskegon Mall property. Since the mall has closed, the DDA has raised enough money to pay off the bonds but not enough to help promote the downtown, city officials say.
'Most cities have something to keep their downtowns going,' said Cathy Burbaker-Clarke, the city's planning and economic development director. 'We are already using DDA money for other reasons. We don't want to slow down our progress downtown.'"
FANTASTIC!
Just what downtown Muskegon needs most, MORE TAXES!
The phrase that jumps into my mind is "death spiral".
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