Several people have asked me what I think about Kitty Hawk and the tax abatement they received many years ago.
This topic has been covered fairly well in the local blogosphere and even by the newspapers.
Basically Fort Wayne lured Burlington here with a sizeable tax abatement some time ago. That did not work out and so we then enticed Kitty Hawk to come here for an even larger tax abatement. Now that Kitty Hawk has declared bankruptcy and cannot secure credit there is no doubt that Allen County taxpayers have been left holding the bag. Allen County taxpayers will be paying off the bonds that our local Airport Authority took out to entice Kitty Hawk to come to Fort Wayne. This is going to get expensive for Allen County taxpayers and we will pay for it by raising property taxes in Allen County!
Kitty Hawk employed about 300 people locally and those people have lost their jobs. This is a major blow to Fort Wayne and Allen County. The increase in property taxes will be another blow to taxpayers in Allen County.
Luckily our City Council is working hard to replace these jobs already. They recently granted a tax abatement to McDonalds so that a local fast food restaurant could pass its tax burden onto all other local businesses...
I am sick and tired of people calling Wal Mart and McDonalds economic development in Fort Wayne. These people need to get a clue... They also need to stop calling new strip malls on the edges of Fort Wayne and projects like Harrison Square economic development.
Get out and vote November 6th and "throw the bums out..."