ReNew DeKalb wants to give more than $1 million in Tax Increment Financing (TIF) money to Preservation of the Egyptian Theatre.
Who doesn’t love the Egyptian? I love P.E.T.’s director and its board because they follow the rules, and because they try to provide events for every budget.
But we’ve given the Egyptian $592,500 since 2008. The Egyptian is starting to look like our airport in terms of handouts. And there’s still a recession on.
I think we’d all be better off using the TIF monies for more direct help with jobs. Job training and housing rehab are both TIF-eligible expenditures.