wonder if this is another form of "tax increment financing"...
---------Disirregardless, tis a very intriguing concept/program.
What they are NOT doing is lending the state/local govt's "credit".
What they appear to BE doing is reversing the financing...
which might work around the "lending of the state's credit" Constitutional prohibitions that were built into most Western States Constitutions.
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Quincy, MA Approves Historic $1.8 Billion Downtown Redevelopment Project Under Unique Financing Plan
http://www.realestatechannel.com/us-markets/commercial-real-estate-1/downtown-redevelopment-projects-quincy-ma-city-council-thomas-p-koch-street-works-development-llc-ken-narva-3697.php
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