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Letter: Taxpayers can’t afford apartment developer


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From: Don Munger

Columbus

Received: Dec. 18

The taxpayers of Columbus can ill afford any future dealings with The Buckingham Group, developer of The Cole apartments.

They were gifted with the property upon which they constructed the apartments. They were promised a payment of $300,000, spaces in the city-owned garage which they may rent at exorbitant sums and a private TIF to retire the debt they incur building The Cole. (Whoever before heard of a “private” TIF?

The very use of the term “private” is precluded by the fact that the money in a TIF comes from taxes.)

We taxpaying citizens can ill afford future dealings with Buckingham, and I hope that Mayor Brown keeps that in mind in the future.

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