The Three Deadly Sins Of Providing Incentives

How many of you recall the name BUXTON? Prior to giving Vestar their $23.2 million incentive, Oro Valley gave Buxton $50,000 to do a analysis on demographics so our Town Council would have a good idea which retailers might be a good match for our community.

A well qualified gentleman, Bill Shelton, with outstanding credentials in the field of Economic Development, has written an article that is on Buxton's web site. It is titled:

"The Three Deadly Sins Of Providing Incentives."

• Deadly Sin #1-Don’t Do Due Diligence
• Deadly Sin #2-Don’t Conduct a Cost/Benefit Analysis
• Deadly Sin #3-Don’t Require a Performance Contract

Might Oro Valley have been guilty of all three of these deadly sins in giving Vestar a $23.2 million incentive? It sure looks that way.

Click here to read the article.