At last week’s meeting of the Wichita City Council, the city held a public hearing on whether to create a tax increment financing (TIF) district for the benefit of developer who intends to build a bowling alley, among other things. Bowllagio, as it is named, has already received the benefit of a Community Improvement District (CID), which lets the district charge extra sales tax that it gets to keep. Now the TIF approval by Wichita is the first step in letting the development keep its own property taxes on new development. Well, only 65 percent, in this case.
Existing bowling proprietors are naturally concerned about the city propping up a new competitor with taxpayer-funded subsidy. I share their concerns, not only for the bowling industry, but for the economic development of our city. Following are highlights of testimony delivered to the Wichita City Council.
For more, see Wichita should reject Bowllagio TIF district.