Developers and politicians often scratch each others backs. One method in vogue is the TIF, or Tax Incremental Financing. The jist of it is that project developers get tax breaks thanks to their pals in government, and the pols get some wink wink nod nod campaign contributions. It is a win win for everybody, or so they claim, because the public gets the jobs from the development project and the additional tax revenue that will come later. In reality the taxpayer is simply taking on the risk while the developer gets the profits. It is a scam basically.
It is a scam unless all developers get tax breaks. Yes, even the person that wants to remodel his kitchen. If large developments benefit the public, then small developments will also benefit the public. There will be more work for carpenters, electricians, plumbers, architects, etc... just like with the large developments. With increased development, property values will rise, and after the tax grace period expires, property tax collections will rise.
Tax breaks should not only be available for the wealthy and politically connected. They should be available to all individuals who wish to develop their properties. Racine could use the development. We can call them MicroTIFs.