Shorewood's Trustee Hanewall's defensive response to David Tatarowicz questions about non-profitable ventures did not seem to get to the real point of the overall question.
“TID financing is to provide an incentive to private enterprise so that they will do something that will otherwise not be done. If not for TID financing the project would not move forward. Without the lower cost loans that TIF can offer, these projects would cost too much and the developer would not make money.”
I wonder how many Americans know the difference between budget and debt? I always have to keep it clear in my own mind when politicians are talking about these problems and when they are being reported.