Plantation Development

TIF incentives not in long-term best interest of Bettendorf or taxpayers

December 10, 2010 by editor

Once again, the city of Bettendorf is planning to award tax incentives to a developer, this time for an office building on prime real estate adjacent to Interstate 74.

The deal would rebate a total of $250,000 in city, school district and county taxes over a 10-year period back to the developer. The incentive with Plantation Development sets a bad precedent and should be turned down.

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