LETTER TO THE EDITOR: Matthes needs to check facts on Missouri TIF projects

Tuesday, May 1, 2012 | 6:00 a.m. CDT

Columbia City Manager Mike Matthes seems to be fond of revising tax-increment financing history. In “Columbia ponders increased use of popular public financing method,” Matthes cited Independence, a suburb near Kansas City, as an example of a successful use of tax-increment financing. Does Matthes consider the Bass Pro Shops TIF in Independence a success? The city of Independence has had to kick in more than $4.1 million to cover bond payments associated with that project.