It’s always good to look back at what people promised the citizens of North Carolina when they advocated for more government spending. In this case, Amendment One which led us down the path to the Randy Parton Theater failure was promised to do something entirely different.
?This amendment will help create jobs,? stated Brenden Blackwell, first vice president of the N.C. Association of County Commissioners, on the group?s website. ?We do have a lot of depressed communities, and this will be a way that could help us. Amendment One will give communities and counties a proven tool that has helped reinvigorate local economies across the country.?
?After rampant job losses and an economy that remains unstable, there is no better time for North Carolina to have this tool,? said Leslie Bevacqua Coman, Steering Committee chairman of North Carolinians for Jobs and Progress, the main group lobbying for the measure.
From NCCBI: Officials said Amendment One bonds most often will be used to redevelop abandoned factories and plants into small business centers, build new manufacturing plants and affordable housing, spur community revitalization, build business incubators and commercial development and clean up environmentally damaged areas”
Truth is, NONE of the promises made by the advocates of this policy have come true. No new jobs, no saving of cities, a failure by the Local Government Commission and Roanoke Rapids paying millions of taxpayer dollars chasing what they believed these folks had said. Amendment One (Tax Increment Financing) has been a failure at this point, a dismal, costly failure!
