Fargo Commissioner Says It's "Disingenuous" to "Bitch" About Company Getting $4.6 Million Subsidy

[TexasTowelie]

Fargo Commissioner Says It’s “Disingenuous” to “Bitch” About Company Getting $4.6 Million Subsidy They Said They Don’t Need


There were some fireworks at a meeting of Fargo’s city commission tonight.

The genesis for the controversy was an application made by a company called Aldevron for a $4.6 million payment in lieu of tax (or PILOT) subsidy for an expansion they’re building.

According to the commission’s posted agenda, the subsidy would have the company paying no property taxes for five years, and then 50 percent of their property taxes for five more years after that (full agenda embedded below):



That adds up to a more than $4.6 million subsidy over a decade.

When the commission got a chance to discuss the proposal, Commissioner Tony Gehrig asked the company’s representative point-blank: “If you didn’t get the incentive would you still expand?”

Read more: https://www.sayanythingblog.com/entry/fargo-commissioner-says-its-disingenuous-to-bitch-about-company-getting-4-6-million-subsidy-they-said-they-dont-need/

[CrispyQ]

1. Isn't that SOCIALISM???

Privatized profits, socialized risk.

[TexasTowelie]

3. Yes, it is.

What I found interesting was that there was a poll on one of the news sites that asked whether the ND Legislature should intervene in order to avoid rural grocery store closures. Surprisingly, 52% of the respondents said "Yes".

We need to build that wall! The Socialists are invading from Canada.

[abqtommy]

2. The Reich Wing loves the socialism

that benefits them.