In a rebuke to the crony capitalist policies of Scottsdale mayor Jim Lane and the so-called “Republicans” on the city council (including former city treasurer David Smith), the IRS has ruled that bonds issued by the city to pay off a parking garage at Fashion Square Mall are not eligible for the tax exempt status under which […]
Nordstrom Garage Scam
Lynn Hume (@BondBuyergirl) of The Bond Buyer reported this week that tax-free muni bonds issued by the City of Scottsdale’s “Municipal Property Corporation” (aka, “MPC”) to pay off a deal with Scottsdale Fashion Square may not comply with the federal tax code. An IRS agent told the MPC, a nonprofit that can issue bonds on […]
The Price of Pandering to Millennials
The term “millennials” has been used a lot in the last couple of years in what is presented as deliberative discussion about the future of Scottsdale with regard to economic development, housing, and transportation. Many important decisions theoretically relied on these deliberations in arriving at–for example–the erosion of Scottsdale’s traditionally high development standards in favor of […]