As a corporate welfare hater, you’ll probably be surprised to hear me support an Austin, Texas tax break for Simon Properties (a mega-property owner based in Indianapolis). Why is this group so special? They are not and I opposed the tax break initially.
But now Proposition 2 is on the ballot in two weeks which essentially says, “We gave you the tax break, you built your tony, high-brow shopping area (called the Domain), got ‘er all leased up making representations to your tenants about how much their tax escrow payments will be…and now we’re going to yank the promised tax break.”
It is called Prop 2 here in Austin. What a stinker. Keep Austin's Word.
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