Lakeview Tower first TIF project in Duluth to subsidize vacation rentals
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The latest amendment to a TIF agreement “gives the developer flexibility …” Indeed. Far too much flexibility with our tax concessions. In order to give the appearance of growth and development, are we liquidating this city bit-by-bit?
This enrages me.
I meet people from all over the US as well as the world. Places such as Paris, which forbids Airbnb except in some select areas and Portugal which did away with Airbnb after the citizens protested that they had no place to live, are ending Airbnb. They see the devastation.
But Duluth, oh no. They have a new classification which has the dang taxpayers paying for their windfall development. Taxes that are deferred. The citizens get to take up the slack.
Duluth, with no place to live. High rents. High house prices. And windfalls for developers.
Ha ha. The people saying no one wants to build in Duluth. The ones who do must be hiding the bonanzas somehow.
This is some “same as it ever was” bullshit!
Why wouldn’t the property owner just have those 2 floors designated as month to month rent as opposed to yearly leases?
That would have been perfectly ok(30 days or more) without the amendment. The amendment allows for 29 days or under, which are vacation rentals as defined by the City. Month to Month no problem.