The Finch Formerly Known As Gold

17 March 2008

Oh, those wicked subsidies

Let's see how many of the folks who complained about Oklahoma City's "NBA Tax" offer even the slightest criticism of this:

The District [of Columbia] has negotiated a $40 million deal with National Public Radio to keep the company's headquarters in the city, granting tax abatements over the next two decades and edging out a bid by downtown Silver Spring.

Imagine that: cities competing against one another. Whoever heard of such a thing?

Forty years after taking root in Washington, NPR will build a 10-story headquarters at 1111 N. Capitol St. NE., Mayor Adrian M. Fenty said [Wednesday]. The site, a warehouse of the former Chesapeake and Potomac Telephone Co., will feature a 60,000-square-foot newsroom in the up-and-coming NoMA community, the neighborhood north of Massachusetts Avenue near Union Station....

Neil O. Albert, deputy mayor for planning and economic development, said that NPR will not pay property taxes on the building for 20 years, saving $40 million. The city has agreed not to raise property taxes by more than 3 percent on the station's Massachusetts Avenue building for two decades, or until NPR sells it.

Now that's what I call a sweet deal. And you know, there's something sort of comforting in the notion that soft-spoken NPR has some hard-nosed negotiators; it's almost as if they operate in the Real World or something.

(Via Fraters Libertas.)

Posted at 2:26 PM to Political Science Fiction


I may have to suppress a giggle while making the argument, but I'm opposed in principle to there even being "public broadcasting" to compete <giggle> (sorry) with private-sector broadcasters.

Posted by: McGehee at 8:19 PM on 17 March 2008

I think that tax-abatement deals violate equal protection principles.

Srsly.

M

Posted by: Mark Alger at 8:59 AM on 18 March 2008

Soon they will charge the entire population a flat rate to keep the suckers afloat - like the BBC in the [former] Free Britain.

Posted by: Tat at 1:20 PM on 19 March 2008

In the best of all possible worlds, governmental units would not be brandishing tax incentives - mainly because taxes would be so low that it wouldn't be worth the bother.

I need hardly point out that we aren't there.

Posted by: CGHill at 8:54 PM on 19 March 2008