{"id":4121,"date":"2024-04-26T08:33:54","date_gmt":"2024-04-26T12:33:54","guid":{"rendered":"http:\/\/auchtoon.com\/?p=4121"},"modified":"2024-04-26T08:33:54","modified_gmt":"2024-04-26T12:33:54","slug":"a-sack-of-taxpayer-cash","status":"publish","type":"post","link":"http:\/\/auchtoon.com\/?p=4121","title":{"rendered":"A Sack of Taxpayer Cash"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"http:\/\/auchtoon.com\/wp-content\/uploads\/2024\/04\/JPA442_fixed.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"560\" height=\"406\" src=\"http:\/\/auchtoon.com\/wp-content\/uploads\/2024\/04\/JPA442_fixed.jpg\" alt=\"A Sack of Taxpayer Cash\" class=\"wp-image-4122\" srcset=\"http:\/\/auchtoon.com\/wp-content\/uploads\/2024\/04\/JPA442_fixed.jpg 560w, http:\/\/auchtoon.com\/wp-content\/uploads\/2024\/04\/JPA442_fixed-300x218.jpg 300w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/a><\/figure>\n\n\n\n<p>Last week the news broke that&nbsp;<a href=\"https:\/\/www.michiganpublic.org\/economy\/2024-04-15\/general-motors-to-move-detroit-hq-to-new-downtown-building-plans-to-redevelop-renaissance-center\" target=\"_blank\" rel=\"noreferrer noopener\">General Motors plans to move its global headquarters<\/a>&nbsp;from the iconic Renaissance Center in Detroit to a newly developed building, also in Detroit. It&#8217;s news, but not historic news. Decades ago when GM moved from its glory-days location in the New Center area of Detroit to the RenCen, it involved thousands of workers. The number this time is estimated to be 850.<\/p>\n\n\n\n<p>Also news: Taxpayers are gonna get hosed in the process. The new building, which is on the site of what was the flagship Hudson&#8217;s department store, was financed with tax breaks for&nbsp;<a href=\"https:\/\/www.bridgedetroit.com\/net-loser-gilberts-hudson-building-unlikely-to-meet-promised-job-tax-revenue-when-gm-workers-move-in\/\" target=\"_blank\" rel=\"noreferrer noopener\">the promise of 2,000 new jobs<\/a>. The GM jobs coming to that building are not new \u2014 and certainly not a net gain for Detroit.<\/p>\n\n\n\n<p>Taxpayers getting the short end of the stick is not unusual. But it does come at a time when Michiganders are particularly sensitive about highly touted deals in which we are likely going to get a diminished return on investment. Deals that Michigan made for big automotive battery projects just a couple of years ago are now being questioned and revisited.<\/p>\n\n\n\n<p>The pendulum seems to be swinging toward the &#8220;no tax breaks&#8221; side of economic development. We&#8217;ll see how long that lasts when other states go back to outbidding us with their tax breaks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week the news broke that&nbsp;General Motors plans to move its global headquarters&nbsp;from the iconic Renaissance Center in Detroit to a newly developed building, also in Detroit. It&#8217;s news, but not historic news. Decades ago when GM moved from its glory-days location in the New Center area of Detroit to the RenCen, it involved thousands [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,13,11],"tags":[],"class_list":["post-4121","post","type-post","status-publish","format-standard","hentry","category-editorial-cartoon","category-michiganpress-org","category-michiganradio-org"],"_links":{"self":[{"href":"http:\/\/auchtoon.com\/index.php?rest_route=\/wp\/v2\/posts\/4121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/auchtoon.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/auchtoon.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/auchtoon.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/auchtoon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4121"}],"version-history":[{"count":1,"href":"http:\/\/auchtoon.com\/index.php?rest_route=\/wp\/v2\/posts\/4121\/revisions"}],"predecessor-version":[{"id":4123,"href":"http:\/\/auchtoon.com\/index.php?rest_route=\/wp\/v2\/posts\/4121\/revisions\/4123"}],"wp:attachment":[{"href":"http:\/\/auchtoon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/auchtoon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4121"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/auchtoon.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}