Thursday, March 29, 2007
Tucked away on page three of the JT is an article about the huge Point Blue residential development. The article indicates that the developer will be sharing profits with the city, once his costs are covered. Details of the agreement were non-existant, but this much we know. The developer will be getting 16 acres of lakefront property from the city of Racine, for free! He will also be getting tax breaks for years. If this is what is meant by profit sharing, I am ready to share.