The proposal by the developer of Gettysburg Crossing, the planned shopping center that would hold a new Walmart Superstore, among other retail outlets, is for the three local taxing authorities to float municipal bonds to cover what was a $6,000,000 shortfall, but now has become an estimated $12,300,000 according to a September 19, 2012 article in the Gettysburg Times. By the time all is said and done, it could balloon higher still. This proposal is called Tax Increment Financing [TIF]. This financing is necessary for the developer to complete the shopping center and make changes to existing infrastructure [new traffic lanes on US 30, Shealer Road, water, sewer and gas mains, and the moving of some high tension power lines].
We support the Roadmap to Reform!
“Be steadfast in your anger, be sure in your convictions, be moved by the right and certainty that abuse of power must be defeated at every turn; uphold Liberty as the just reward of a watchful people, and let not those who have infringed upon that Liberty steal it away from you. Never loosen your grip on Liberty!" -- GettysBLOG
“Legislation without representation is tyranny.” -- GettysBLOG
Remember in May and November! Before you vote, GettysBLOG!
Copyright © 2005-2012: GettysBLOG; All Rights Reserved.