Tax-increment financing successful, city data indicate - Pittsburgh Tribune-Review: "An often criticized financing tool used by local governments to spur private development appears to be working well in Pittsburgh, according to data provided by the city's redevelopment agency.Sure, tax breaks work for the URA and for the special interests. Tax breaks and TIFs suck for the city as a whole and for the little guys. TIFs suck for the poor. TIFs suck for the one's who already invested here. TIFs suck for the home owners. TIFs suck for the school children. TIFs suck for the urban fabric of the city.
TIFs are great for churn. TIFs are great tools to strip away the authentic characteristics of a once great city.
TIFs are great for the old guard trying to keep its power.
TIFs are great at driving the overall decline of the region to new speeds of depression.