Are You Listening, Mayor Loomis?

Hopefully, although Oro Valley has already committed to "give away" approximately FIFTY MILLION DOLLARS of our future revenue to retail developers, including more than TWENTY THREE MILLION DOLLARS TO VESTAR, a lawsuit being filed today will help stop this nonsense.

"Some Arizona businesses are launching a legal attack on a $100 million tax break by the city of Phoenix to lure a new development — a lawsuit that eventually could ban similar incentives statewide.

The lawsuit, scheduled to be filed today in Maricopa County Superior Court, contends these programs amount to an unconstitutional gift of public funds to selected retailers and developers. Attorney Clint Bolick of the Goldwater Institute, who is representing the business owners, also said the incentives illegally favor some firms over others, giving recipients a financial advantage over competitors."

Read the full article, which addresses Oro Valley giveaways in today's AZ Star Business section.

http://www.azstarnet.com/allheadlines/195352