LCDC: Too Soon For Rebate

Item: LCDC: Too soon for rebate:  Taxing entities could get money back closer to districts’ expiration /Tom Hasslinger, Coeur d’Alene Press

More Info: It’s an idea Lake City Development Corp. could discuss down the line, just not right now. But before Coeur d’Alene’s urban renewal agency talks about allocating money back to the city’s taxing entities, — as Post Falls’ board did on Thursday — the local commission wants to be certain its districts have the chance to reach their full potentials. One day after the Post Falls Urban Renewal Agency announced it was giving $2.2 million from surplus revenue accumulated in its East District to seven taxing districts, LCDC Executive Director Tony Berns talked to The Press Friday on the likelihood of LCDC mirroring its neighbor by reimbursing local entities.

Question: Do you consider Tony Berns’ explanation reasonable re: why LCDC can’t refund money like Post Falls URDs?