McGonegal sends congratulations on new mall
But McGonegal said the real winners were the taxpayers of Livingston County who were not stuck with the more than $9 millon cost of the dual roundabouts at the Lee Road interchange. McGonegal’s opponent drafted an amendment to the law establishing a Downtown Development Authority that would have allowed the township to form a DDA just to benefit the mall to capture county tax revenue for road improvements.
Luckily, the Livingston County Board of Commissioners rejected establishing the DDA, and one of the major reasons was because the developer did not and would not have to provide any money, and the county was already struggling to replace $3.6 million in lost state revenue sharing payments. A 20-year bond would have been sold to finance the project and taxpayers would also have to pay an additional $200,000 a year in interest for the next 20 years.
“This is one of the worst giveaways of taxpayer money to a developer I have ever heard about,” McGonegal said. “This would take away money away from local police, fire departments, ambulances, the jail and many other local services.”
McGonegal also said Chris Ward’s statement in a candidate debate last month that if his stealth amendment had not been repealed the interchange would be much better built is simply untrue. The only difference would be the taxpayers would have footed the bill instead of the people who are receiving the direct benefit.
“It’s ironic that Mr. Ward was only one of three lawmakers to vote against the earned income tax credit for working families that would pump money right back into the local economy and keep many working people off of welfare,” McGonegal said. “But he has no problem giving away more than $9 million of taxpayer money to a developer.”
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