Cabarrus Cheap Seats

The local papers have been stating that the County could save money using Certificates of Participation (COPS) instead of using Tax-Increment Financing (TIF).  What they aren’t telling you is that the savings don’t occur until the very end of the loan AND in the first ten years, the price for COPS is more than $11 [...]

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Historic Public Policy Blunders:
1626 - Manhattan Island sold for some beads. It is now the most valuable real estate in the world.
1863 - General Lee doesn’t take Longstreet’s advice at Gettysburg and orders a charge from the front as opposed to flanking Meade.  That would be as far North as the Confederacy would go - [...]

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Last night, the Cabarrus BOC voted to approve the County’s participation in the North Carolina Research Campus (NCRC) financing; but not necessarily in the Tax-Increment Financing (TIF) bonds.  The issue was that, at this late moment, the County has decided to consider using Certificates of Participation (COPS), because of a slightly lower interest rate (but [...]

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Former NC Governors Jim Hunt and Jim Holshouser are scheduled to address tonight’s Cabarrus County Board of Commissioners Meeting - and it’s not to talk about approval of employee payroll deductions (which is on tonight’s agenda). 
It’s to talk about the North Carolina Research Campus (NCRC).  They, along with several University officials, are coming in support [...]

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From the Independent Tribune:
Four of the five Cabarrus commissioners said if the vote were taken Wednesday, they would vote to participate in the self-financing bond package with Kannapolis for infrastructure improvements on and around the North Carolina Research Campus.
CLICK HERE TO READ THE REMAINDER OF THE ARTICLE
And guess who the lone vote is against the [...]

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If you haven’t already, you can speak out in favor of the County’s participation in the North Carolina Research Campus (NCRC) Tax-Increment Financing (TIF) Bonds at the Cabarrus Board of Commissioners’ Meeting at 6:30PM3:30PM (the evening meeting is on May 21). The NCRC project list is out there, the projections are out there - it’s [...]

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Here’s some more information on the North Carolina Research Campus (NCRC) Tax-Increment Financing (TIF) bonds.

NCRC Parking Deck Issues
Revenue Impacts of the Recommended TIF Package
TIF Revenue and Expenses Summary(Excel)

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Here we go again.  This is Harold from yesterday:
Commissioner Bob Carruth prohibits John Day to accept an invitation to appear  on Alex Rankin’s Business Forum local cable program with Mike Legg to discuss Increment Tax Financing (TIF).
Another attempt by Commissioner Carruth to keep the public in the dark!

Of course, none of this is true.  Here are [...]

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No Friday Five today - this is more important.  Here’s the latest information from the City of Kannapolis on the bond.  For the two people who’ve marked “no decision” on the latest poll - this is for you.

Final TIF List Project Summary
Final NCRC TIF Project List
Bond Projections and Benefits
PowerPoint Presentation About the Bonds
North Carolina Research [...]

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Give the Charlotte Observer a Commissioner, a Mayor, and a billionaire and here’s the People-magazine tripe they produce:
Last week, at a luncheon Murdock attended in Kannapolis for campus-related ceremonies, he told county commissioner Privette that anyone who does not participate in the bonds is “an idiot,” according to Privette. Kannapolis Mayor Bob Misenheimer, who was [...]

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