The TIF for Hamilton Crossings passed tonight 3-2.
Brian Higgins yes
Ryan Conrad yes
Jim Lancsek yes
Ron Beitler no
Doug Brown no
The bottom line is this. The Township will be getting a new and much anticipated shopping center. One that I believe was a certainty with or without the TIF. And that is great news for residents. According to one poll, over 80% of residents support the project but not necessarily the TIF funding.
I shared this basic sentiment as I generally supported the project but had concerns with misusing a funding mechanism designed for distressed communities.
I sincerely believe the township could have and should maintained more revenue resources (100% of revenue instead siphoning off 50% back to the developer). This is revenue I believe we’ll eventually need over the course of the next 20 years to mitigate the giant strip centers inevitable and unpredicted negative impacts. These impacts are normal with rapid development of the type LMT will see over the next 20 years as LVPC predicts our population will continue to boom. These concerns relate primarily to traffic but also other issues as well. For example, this project will make it harder to rely on the state police. The traffic issue is compounded by the fact that the traffic impact fee did not apply to the project. The impact fee is designed to give us the resources to make future improvements. I honestly believe we ended up being the “dumb money at the card table” too quick to give away important resources better served dealing with future impacts.
Every land development of this type and magnitude comes with the good (more shopping options, jobs ect) but also the bad. (traffic, crime ect) The challenge for leaders is to mitigate the bad as much as we can. This is why I believe the decision to forfeit critical and much needed revenue (esp. in light of recent tax increases )was fundamentally shortsighted.
Huge part of smart growth is accounting for financial health over multiple lifecycles. It’s the longview. That means setting up the township to be financially strong over the long term. Its seeking net positive ROI beyond the immediate windfall. Tonight by passing TIF we failed to do that.
So to wrap this issue up we’re getting the new center…. But we were always getting the new center. We’ll just have less resources to insure its negatives don’t eventually outweigh its positives. And the developer will have a slightly more padded profit line. They are clear winners. But the community will have more local shopping options and the jobs that come with them. Like I said, +’s and -‘s. But overall inevitable progress forward.
After the vote I’m mostly disappointed in myself that I wasn’t able to make a more compelling argument to get other Commissioners who voted yes to take a harder look at the big picture.
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