Item: Too much renewal, not enough blight: Legislative committee studies urban renewal agency reform/Lara Volkert, Idaho Business Review
More re: Kathy Sims: LCDC is growing fat on the tax increment from those wealthy districts, she said. It gets the entire taxable value of anything new built in those districts, she said, and it receives a hefty chunk of taxes from older businesses that were built in those areas before the districts were created, based on property value appreciation since the district’s creation. Sims’ business, Coeur d’Alene Honda, is one of those older businesses. She said she pays $15,000 in property taxes, and $9,000 of that goes to LCDC.
Question: You thought the anti-LCDCers were going to quit after their defeat in the Coeur d’Alene city elections?