A disturbing statement has cropped up since articles were written about the gas pipeline that is coming to different communities in Maine.
The natural gas pipeline needs Tax Increment Financing because it is not financially viable without it, or, in plain words, the builders don’t have enough cash on hand or loans to build it without the TIF.
Common sense seems to say that if the project is viable, then the financial industry would be willing to back this project with the expectation of a good return on the money loaned. A TIF should be a sweetener for the builders, not a condition or requirement to financially support the construction of said pipeline.
One town has voted down the TIF, and now the pipeline will be rerouted around said town. One must congratulate the speaker for the pipeline for coming forth with this information. It took fortitude to so in today’s world of word parsing.
Dan Wiswell
Vassalboro
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