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Tax credits cannibalizing regional tax base

When state and local governments hand out tax credits to developers and businesses, nearby residents often rejoice. Who doesn’t like new local jobs and shiny new buildings? But this perpetual tax credit “tug of war” has no winners as all it serves to do is line the pockets of the receiving business, while the rest of us foot the bill for their lost tax revenue.  The Post Dispatch had a good articlre on topic a couple months back that is worth a read.

Area stunts growth by feeding on itself via STLtoday.com

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Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn’t representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

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