Friday, February 10, 2006
Portage, Indiana, Looks To Get Taken
BY MARK KIESLING
Times Columnist
This story ran on nwitimes.com on Wednesday, January 25, 2006 12:12 AM CST
There's been a steady drumbeat coming from various places pointing out that while Cabela's is asking for financial aid to build its planned Hammond store, Bass Pro Shops has offered to build in Portage without such a lure.
Up until now.
Bass Pro will appear Thursday before the Portage Economic Development Commission, asking for what is likely to be the first step toward the authorization of $15 million in revenue bonds.
It's true that Bass Pro is making the request of the city, while Cabela's has gone to the state to be granted a sales tax increment financing package, a package normally only offered to industry.
But the notion of Bass Pro as a self-sufficient, self-sustaining entity that can stand on its own two financial feet has just gone overboard.
# posted by T R : 8:26 AM
